At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 32,000 86,900 111,000 10,350 277,000 $ 517,250 $ 128,400 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 96,000 $ 35,250 61,500 80,000 9,200 250,000 $ 435,950 163,000 129,850 $ 72,500 100,750 163,000 99,700 $ 517,250 $ 435,950 $ 37,200 49,000 54,000 4,900 229,000 $ 374,100 $ 50,800 80,800 163,000 79,500 $ 374,100 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 Year 1 Year Ago $ 725,000 $ 630,000 $ 420,500 232,000 11,700 9,550 $ 403,200 144,900 13,400 8,600 673,750 $ 51,250 570,100 $ 3.14 $ 59,900 $3.67 For both the Current Year and 1 Year Ago, compute the following ratios: (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. Return On Total Assets