imon Company's year-end balance Sheets Tollow. 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 $ 32,000 87,900 112,000 10,700 280,000 $522,600 $ 36,250 $ 37,000 63,500 50,000 81,400 54,500 9,350 5,100 251,500 227,000 $442,000 $ 373,600 $128,400 $ 75,750 $ 51,400 96,000 164,000 134,200 $522,600 99,250 80,600 164,000 164,000 103,000 77,600 $442,000 $ 373,600 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 $725,000 $427,750 224,750 11,200 9,350 673,050 $ 51,950 $ 3.17 1 Yr Ago $570,000 $353,400 142,500 13,000 8,625 517,525 $ 52,475 $ 3.20 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 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: = Return On Total Assets Return on total assets 0 % 0 % Current Year: 1 Year Ago: Required 3A Required 3B >