q8

Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. The company's income statements for the Current Year and 1 Year Ago, follow. For both the Current Year and 1 Year Ago, compute the following ratios: (1-6) Compute profit margin ratio for the current year and one year ago. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Compute profit margin ratio for the current year and one year ago. \begin{tabular}{|l|l|l|l|l|l|l|} \hline & Numerator: & 1 & Denominator: & = & Total Asset Turnover \\ \hline & & 1 & & = & Total asset tumover \\ \hline Current Year: & & 1 & & = & \multicolumn{1}{|l|}{ times } \\ \hline 1 Year Ago: & & 1 & & & times \\ \hline \end{tabular} Retum On Total Assets \begin{tabular}{|l|l|l|l|||l|l|} \hline \multicolumn{1}{|c|}{ Numerator: } & 1 & Denominator: & Return On Total Assets \\ \hline & & 1 & & = & Return on total assets \\ \hline Current Year: & & & & & \\ \hline 1Year Ago: & & & & \\ \hline \end{tabular} Required 3B >