[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: The company's income statements for the current year and 1 year ago, follow. :or 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. Compute profit margin ratio for the current year and one year ago