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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

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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 the following ratios: company's income statements for the current year and 1 year ago, follow. joth the Current Year and 1 Year Ago, compute the following ratios: Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin ratio. otal asset turnover. I Based on return on total assets, did Simon's operating efficiency improve or I Return on total assets. jen in the Current Year versus 1 Year Ago? Compute profit margin ratio for the current year and one year ago. Compute total asset turnover for the current year and one year ago. Compute return on total assets for the current year and one year ago

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