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 $ 32,200 86,600 111,500 10,850 280,000 $521,150 $ 35,250 $ 38,000 62,500 49,500 82,200 52,000 9,400 4,200 252,500 227,000 $441,850 $ 370, 700 $ 128,000 $ 74,250 $ 51,600 97,000 161,000 135, 150 $521,150 102,000 81,200 161,000 161,000 104,600 76,900 $441,850 $ 370, 700 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 Yr $755,000 $ 453,000 234,050 11,400 9,350 707,800 $ 47,200 $ 2.93 1 Yr Ago Y $ 620,000 $390,600 148,800 12,800 8,650 560,850 $ 59,150 $ 3.67 For both the Current Year and 1 Year Ago, compute the following ratios: Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicat IBI WATU ON TATA ACCOTC Required information Answer is not complete. 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: Choose Denominator: Return On Total Assets Return on total assets 1 $ 481,400 Current Year: 1 Year Ago: 0 RE Required 38 >