Fivio Company reports the following information. Current Year 1 Year Ago 2 Years Ago Total assets, December 31 $ 770,000 $ 302,000 $ 542,000 Net income 29,200 29,600 42,276 1. Compute return on total assets for the current year and for 1 year ago. 2. Is Fivio more efficient or less efficient in using total assets to produce income in the current year versus 1 year ago? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute return on total assets for the current year and for 1 year ago. Choose Numerator: Net income $ Return On Total Assets 1 Choose Denominator: 1 Average total assets 1 $ 538,000 1 $ 538,000 Return On Total Assets Return On Total Assets 6% 5% = One year ago Current year 29,600 29,200 $ $ 11