Cp 13- exercise 8 _Complete this question answers in tabs below

Saved Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 32,400 89, 209 110,500 10,250 277,000 $519, 350 $ 36,000 $ 38,000 62, eee 5e,eee 81,280 53,500 9,300 4,789 250, 500 231,000 $439,000 $ 377,280 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 $129,200 $ 74,750 $ 51,eee 95,500 163,500 131,150 $519,350 100, 750 81,800 163,500 163,500 188,eee 80,900 $439,000$ 377, 200 W 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 Ner income Current YP $775,000 $ 489,500 249,250 11,500 9,350 241,600 $33,400 1 yr Ago $ 568,900 $ 347,200 140,000 12,800 8.775 508,275 51.225 34 Earnings pen share Net income > 33, > 51,225 Earnings per share $ 2.04 $ 3.13 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 Complete this question by entering your answers in the tabs below. Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets Return on total assets 96 Current Year: ### 1 Year Ago: 96 Required 3B > BE