Required Information

$[$The following information appliles 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:

$(1.$a$)$ 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?

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Required $1A$

Compute profit margin ratio for the current year and one year ago.

$(2)$ Compute total asset turnover for the current year and one year ago.

$(3-$a$)$ Compute return on total assets for the current year and one year ago.

$(3-$b$)$ Based on return on total assets, did Simon's operating efficlency Improve or worsen In the Current Year versus $1$ Year Ago?

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Required $3A$

Compute return on total assets for the current year and one year ago.