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  3. simon company's year-end balance sheets follow. fo

Simon Company's year-end balance sheets follow. For both the current year and one year ago,...

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Accounting

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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 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? Compute profit margin ratio for the current year and one year ago. id 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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