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[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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed [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 ratlos: xerclse 17-10 (Algo) Analyzing efficlency and profitability LO P3 e 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: (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 efficlency 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. Complete this question by entering your answers in the tabs below. Compute total asset turnover for the current year and one year ago. Complete this question by entering your answers in the tabs below. Compute return on total assets for the current year and one year ago

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