3 2 Part 2 of 2 points Skipped eBook Hint Print References Required information Exercise 13-10 (Algo) Analyzing efficiency and profitability LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $35,250 61,000 $ 38,000 82,400 $ 31,400 88,200 110,500 10,600 277,000 $ 517,700 $ 129,600 96,000 162,000 9,500 257,000 $ 445,150 $ 73,750 101,000 162,000 130,100 108,400 $ 517,700 $ 445,150 50,000 52,500 5,400 233,000 $ 378,900 $51,000 82,800 162,000 83,100 $ 378,900 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Current Year 1 Year Ago $ 755,000 $ 550,000 $ 445,450 $ 341,000 126,500 13,000 8,525 489,025 $ 60,975 $ 3.32 $ 3.76 234,050 12,300 9,400 701,200 $ 53,800 Total costs and expenses Net income Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 (Algo) Part 3 [Alternate Version] (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? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: = Return On Total Assets Return on total assets % = < Required 3A Required 3B > %