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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. For

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Use the following information for the Exercises below. (Algo) [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 yeat and 1 year ago, follow. For 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 retum on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Compute profit margin ratio for the current year and one year ago. Did profit margin improve or worsen in the Current Year versus 1 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. Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago

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