8 Required information {The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Part 3 of 3 Current Y: 1 Yr Ago 2 Yrs Ago 3.5 points 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 per value Retained earnings Total liabilities and equity $ 31,200 BB, 400 , 111,000 10,550 277,000 $518,150 $ 35,250 $ 37,000 61,500 50,500 80,000 54,000 9,250 4,300 253,000 234,000 $439,800 $ 379,800 8 03:04:24 Skipped $130,000 $ 75,250 $ 51,200 95,000 162,500 130,650 $518, 150 101,000 83,600 162,500 162,500 101,050 82,500 $439,800 $ 379,800 eBook 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 Current Yr $ 725,000 $ 449,500 232,000 12,000 9,400 702,900 $ 22,100 $ 1.36 1 Yr Ago $ 600,000 $384,000 138,000 13,000 8,725 543,725 $ 56,275 Earnings per share $ 3.46 For both the Current Year and 1 Year Ago, compute the following ratios: 8 $ 449,500 232,000 12,000 9,400 $384,000 138,000 13,000 8, 725 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 702,900 $ 22,100 543,725 $ 56,275 Part 3 of 3 $ 1.36 $ 3.46 For both the Current Year and 1 Year Ago, compute the following ratios: 3.5 points 03:04:11 (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? Skipped Complete this question by entering your answers in the tabs below. eBook Required 3A Required 3B References Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: = Return On Total Assets / Retum on total assets % Current Year: / 1 Year Ago: / % - $ 725,000 $ 600,000 00 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 449,500 232,000 12,000 9,400 $384,000 138,000 13,000 B, 725 702,900 $ 22,100 S 1.36 543,725 $ 56,275 Part 3 of 3 $ 3.46 For both the Current Year and 1 Year Ago, compute the following ratios: 3.5 points 2 03:04:04 (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? Skipped Complete this question by entering your answers in the tabs below. eBook Required 3A Required 3B References Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Retum on total assets