Refer to Simon Company's financial information in Exercises $17-6$ and $17-8.$ For both the current year and

one year ago, compute the following ratios: $(1)$ profit margin ratio$-$percent rounded to one decimal; did

profit margin improve or worsen in the current year versus one year ago? $(2)$ total asset turnover$-$rounded

to one decimal, and $(3)$ return on total assets$-$percent rounded to one decimal. Based on return on total

assets, did Simon's operating efficiency improve or worsen in the current year versus one year ago?

Profit Margin Ratio

Currentyear $1$ year AGO

Improve? Worsen?

circle one

total asset turnover

Return on total assets

Improve? worsen?

circle ane