Simon Company's year$-$end balance sheets follow. $(1)$ Express the balance sheets in common$-$size percents. Round percents to one decimal. $(2)$ Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? $(3)$ Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?

Question $1$

Question $2$ unfororable

Q vestion $3$ Unfororable

ATTENTION:

This is the first part which I already have done. Based on this information I need you to a

nswer the tast $,$ which I am going to provide you below here.

TASK $2$:

Refer tO Simon Company's financial information in Exercises $17-6$ and $17-8.$ For both the current year and one year ago, compute the tollowing ratios: $(1)$ profit margin ratio$-$ percent rounded to one decimal: did profit margin improve or worsen in the current year versus one year ago? $(2)$ total asset turnover$-$rounded to one decimal, and $(3)$ return on total assets$--$percent rounded to one decimal. Based on return on total assets, did Simon's operating efficiency improve or worsen in the current year versus$$one$$year$$ago$?$

REQUIRE: I need the profit margin ratio, Improve? Worsen? Circle one for Current year and $1$ year ago. Total asset turnover current year, $1$ year ago. Return an total assets, Improve? Worsen $?$ Circle one For current year and $1$ year ago.

Message for the expert: If its really complicated and messy the first topic that i did provide in the beginning its post it here in chegg, if you need more info you can check it in the chegg.

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