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: Exercise 17-10 (Algo) Analyzing efficiency and profitability LO P3 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) Profit mazgin ratio (1-b) Did profit margin improve of worsen in the Current Year versus 1 Year Agc? (2) Total asset turnover (3-o) Return ontotal assets (3-b) Elased on teturn on totat assets, did Simon's operating efficiency improve or worsen in the Curtent Year versus 1 Year Ago? Complete this question toy entering your answers in the tabs below. Compute profit margin tatio for the current year and one year ago. For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Did profit margin improve of worsen in the Current Year versus it Year Ago? 1-6) Profit margiti fatio 1.b) Did profit margin improve or worsen in the Current Year yersus 1 Yeil Ago? 2) Total asset tumover, (3-a) Relum on total assets. (3-b) Based on Yeturn on total assets, did Simon's operating efficiency imptove of worsen in the Cument Year versus 1 Year Ago? Complete this question tiy entering your answers in the tales below. Compute total asset turnover for the current year and one year ago. (1-a) Profit margin ratio. (1.b) Did protit margin improve of worsen in the Curtent Year versus 1 Year Ago? (2) Totab asiset turnower: (3-o) Reluin on total assets, (3-b) Based on retum on total assets, did Simon's operating efficiency intprove or worsen in the Current Year versus t Year Ago? Complete this question by entering your answers in the tabs below. Compute retuin on total assote for the current year and one year ago. (1-o) Profitmargin ratop. (1.b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-0) Return on total assets (3-b) Based on return on total assets, did Simon's operating elficiency improve of worsen in the Current Year versus 1 Year Ago? Complete this question by entering your anvwers in the tabs tiflow. Basend on retum on total assetky, did Simon's operating efficiency improve or worsen in the Current Vear versiss 1 year: Ago
