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Requlred Information [The following informotion opplies to the questions disployed below.] Simon Compeny's year-end balance sheets follow. The company's income statements for the Current Year

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Requlred Information [The following informotion opplies to the questions disployed below.] Simon Compeny'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 mergin improve or worsen in the Current Year versus 1 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. Did profit margin improve or worsen in the Current Year versus 1 Year Ago

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