13 Simon Company's year-end balance sheets follow. Current Yr 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-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,000 86,700 112,500 10,500 280,000 $520,700 $ 36,000 $ 38, 600 62,000 51,000 80,800 53,500 9, 350 5,400 256,000 231,000 $444,150 $ 379,500 2.14 points $129,200 $ 75,250 $ 51,600 Skipped 95,000 161,000 135,500 $520,700 101,750 80,200 161,000 161,000 106, 150 86,700 $444,150 $ 379,500 eBook The company's income statements for the Current Year and 1 Year Ago, follow. Hint Print 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 $715,000 $414,700 228,800 12,000 9,550 665,050 $ 49,950 $ 3.10 1 Yr Ago $ 610,000 $390,400 140,300 13,400 8,500 552,600 $ 57,400 $ 3.57 References 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 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets Return on total assets % Current Year: 1 Year Ago: %