(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 38 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 W Return on total assets < Required 3 Required 38 > 8 of Q Next 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 $ 30,200 87,400 110,500 10,400 281,000 $ 519,500 $128,800 97,000 $ 36,000 62,000 $ 38,400 80,200 9,250 250,500 $ 437,950 $ 73,000 100,750 160,000 104,200 160,000 133,700 $ 519,500 $ 437,950 50,500 53,500 4,100 228,000 $ 374,500 $ 50,200 80,400 160,000 83,900 $ 374,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Year $ 755,000 Cost of goods sold $437,900 Other operating expenses 234,050 Interest expense 12,300 Income tax expense 9,450 Total costs and expenses Net income 693,700 $ 61,300 Earnings per share $ 3.83 1 Year Ago $ 610,000 $ 384,300 146,400 12,500 9,000 552,200 $ 57,800. $ 3.61