7. Part 3 of 3 125 points Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr ARO 2 Yrs Ago Assets Cash 5 30,800 $ 35,750 5 37,200 Accounts receivable, net 89,900 61,500 50,000 Merchandise inventory 111,500 80,600 54,000 Prepaid expenses 10,800 9,200 4,700 Plant assets, net 279,00 254.500 234,000 Total assets $522,000 $441,550 $ 379,900 Liabilities and Equity Accounts payable $128,800 $ 74,750 $ 50,200 Long-term notes payable secured by mortgages on plant assets 96,500 98,000 30,800 Common stock, 510 par value 163,500 163,500 Retained earnings 133,200 105,100 85.400 Total liabilities and equity $522,000 $441,550 $ 379,900 eBook Hint Print References The company's income statements for the Current Year and 1 Year Ago, follow 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 Er $765,000 $466,650 237,150 11,400 9,400 724,600 $ 40,400 1.2.47 1 YA $ 580,000 $365,400 133,400 12,500 8,625 519,925 $ 60,075 3.67 For both the Current Year and 1 Year Ago, compute the following ratios Exercise 13-10 Part 3 (3-a) Return on total assets (3-6) 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 Return on total assets Return On Total Assets Choose Numerator: Choose Denominator Return On Total Assets Rotum on total assets Current Year: 1 Year Ago HA Required 38 > Exercise 13-10 Part 3 (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 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