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Year-end balance sheets follow. Income statement data for the Current Year and 1 Year Ago follow. Enter answers in the tabs below. Compute profit margin

image text in transcribedimage text in transcribedimage text in transcribed Year-end balance sheets follow. Income statement data for the Current Year and 1 Year Ago follow. Enter answers in the tabs below. Compute profit margin ratio for the current year and one year ago. (2) Compute total asset turnover for the current year and one year ago. Required information [The following information applies to the questions displayed below.] Year-end balance sheets follow. Income statement data for the Current Year and 1 Year Ago follow. Enter answers in the tabs below. Did profit margin improve or worsen in the Current Year versus 1 Year Ago

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