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Requlred Information [The following information applies to the questions displayed below.] Simon...

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Accounting

Requlred Information
[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
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) Compute profit margin ratio for the current year and one year ago.
1-b) Did profit margin 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. *Fill out entire table. Numerator choices (accounts receivable net, Average accounts receivable, net, cost of goods sold, current assets, current liabilities, net income, net sales). Denominator choices (accounts receivable net, average accounts receivable net, cost of goods sold, current assets, current liabilities, net income, net sales) ALSO FIND Did profit margin improve or worsen in the Current Year versus 1 Year Ago?
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