13 Current Y 1 Yr Ago 2 Yrs Ago Part 3 of 3 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-ter notes payable secured by mortgages on plant assets Connon stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10,700 278,500 $523, eee $ 35,625 $ 37,800 62,500 50,200 82,500 54, ece 9,375 5,000 255,000 238,500 $445,200 $ 377,500 754 points $129,900 $ 75,250 $ 51, 250 Skipped 98,500 163,500 131, 100 $523,000 101,500 83, see 163,500 163,5ee 184, 750 79.250 $445,000 $ 377,500 The company's Income statements for the current year and 1 year ago, follow. Hint Point For Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Current Yr $673,500 $411,225 209,550 12,10 9,525 642,400 $ 31,100 1 Yr Ago $ 532,000 $345, 5ee 134,980 13.30 8,845 502,625 $ 29,375 $ 1.80 5 1.90 For both the Current Year and 1 Year Ago, compute the following ratios (3-a) Return on total assets (3-6) Based on return on total assets, dd Simon's operating officiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 30 Return on total assets Choose Numerator Return On Total Assets Choose Denominator: Current Year 1 Year Ago Return On Total Assets Return on total assets Required 38 > Ch 13 Homework 13 Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Connon stock, $1e par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,5ee 10,700 278, 50e $523,000 $ 35,625 $ 37,800 62,500 se, 209 B2, 50e 54,600 9, 375 5,000 255,000 230, 500 $445,00 $ 377,500 Part 3 of 3 714 points $129,900 $ 75,250 $ 51,250 Skipped 98,500 163,500 131, 100 $523,600 101,500 83,500 163, see 163,500 184,750 79,25e $445,689 $ 377,500 eBook The company's Income statements for the current year and 1 year ago, follow. Hint For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $673,500 $411, 225 209,55 12,100 9,525 642,400 $ 31, lee Peint 1 yr Ago $ 532,000 $ 345,500 134,980 13,308 8,845 502.625 $ 29, 375 $ 1.80 $ 1.90 For both the Current Year and 1 Year Ago, compute the following ratios: (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 Complete this question by entering your answers in the tabs below. Required 3A Required 30 N Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Return on total assets