Current Yr At December 31 Assets 1 Yr Ago 2 Yrs Ago Cash $ 31,600 87,000 112,000 10,500 276,000 $517,100 $ 35,250 $ 63,500 80,200 9,300 257,000 $445,250 37,400 50,500 52,000 5,000 226,000 370,900 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 $128,400 $ 74,750 $ 50,200 96,500 160,000 132,200 $517,100 100,500 80,200 160,000 160,000 110,000 80,500 $445,250 $ 370,900 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 $775,000 $472,750 248,000 11,900 9,450 742,100 $ 32,900 1 Yr Ago $ 610,000 $396,500 140,300 12,700 8,925 558,425 $ 51,575 $ 3.22 $ 2.06 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 Part 3 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 3B Return on total assets Return On Total Assets Choose Numerator: I Choose Denominator: Return On Total Assets Return on total assets Current Year: % 1 Year Ago: % Complete this question by entering your answers in the tabs below. Required 3A Required 3B 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