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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

image text in transcribed 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 ratlos: Exercise 13-10 (Algo) Part 1 [Alternate Version] (1-a) Compute profit margin ratlo for the current year and one year ago. (1-b) Did profit margin 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

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