Content M Question Questions Saved Simon Company's year-end balance sheets follow, Current Yr 1 Yr Ago 2 Yrs Ago 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 par value Retained earnings Total liabilities and equity $ 30,600 88,800 110,588 10,200 276,880 $516,100 $ 35,250 $ 37,480 61,000 58,eee 81,800 53,500 9,458 4.800 255,500 234.000 $443,000 $ 378,988 $128,888 98,000 161,500 127,880 $516,180 $ 75,500 $ 58,280 99,000 81,400 161,500 161,500 187,000 85,800 $443,000 $378,900 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $775,000 $540,880 Cost of goods sold $465,000 $340,200 Other operating expenses 240, 250 135,000 Interest expense 11,700 12,500 Income tax expense 9,350 8.250 Total costs and expenses 726 380 496,450 Net income $ 48, 780 $ 43,550 Earnings per share $ 3.02 $ 2.70 For both the Current Year and 1 Year Ago, compute the following ratios: 48,00 $ 3.62 43,95 5 2.70 For both the Current Year and 1 Year Ago, compute the following ratios: (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 38 Return on total assets Return On Total Assets Choose Numerator: Choose Denominator Return th Total Assets Return on botalasta Current Year: 1 Year Ago: Required > ME ce W ))) 20 MacBook Pro Q N # 3 $ 4 % 5 & 7 6 8 02 R T Y W U O m S J G D F H Net income Earnings per share > 43,50 >40,00 5 3.02 $ 2.70 For both the Current Year and 1 Year Ago, compute the following ratios: (3-) 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 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