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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

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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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