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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets

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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (1) Required information Complete this question by entering your answers in the tabs below. Compute total asset turnover for the current year and one year ago. Complete this question by entering your answers in the tabs below. Compute return on total assets for the current year and one year ago. Complete this question by entering your answers in the tabs below. Compute profit margin ratio for the current year and one year ago. Required information 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: (1-0) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Yeat versust 1 Year Ago? (2) Total asset turnover. (3-0) Refurn on total assets. (3-b) Based on return on total assets, did Simon's operaing efficiency improve or worsen in the Current Year versus 1 Year Ago

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