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Simon Company's year-end balance sheets follow....

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Accounting

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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: 3-a) Compute return on total assets for the current year and one year ago. 3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Comptrie return on total assets for the current year and one year ago. (2) Compute total asset turnover for the current year and one year ago. (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? * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute profit margin ratio for the current year and one year ago

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