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Required Information [The following Information applies to the questions dlsplayed below.] SImon Company's year-end balance sheets follow. The company's Income statements for the Current Year

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Required Information [The following Information applies to the questions dlsplayed 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: (2) Compute total asset turnover for the current year and one year ago

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