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#9. Required information Use the following information for the Exercises below. (Algo) [The...

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Accounting

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Required information 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: Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Compute return on total assets for the current year and one year ago. Compute total asset turnover for the current year and one year ago. Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Profit margin Compute profit margin ratio for the current year and one year ago. Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 The 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 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

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