Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago Cash $ 30,800 87,100 112,500 10,700 279,000 $520, 100 $ 35,750 $ 37,400 64,000 50,000 83,800 53,000 9,250 5,300 250,000 230,000 $442,800 $ 375,700 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 $129,600 $ 76,000 $ 51,600 95,500 163,000 132,000 $520,100 99,750 81,200 163,000 163,000 104,050 79,900 $442,800 $ 375,700 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 Current Yr $ 765,000 $ 443, 700 237,150 12,000 9,450 702,300 $ 62,700 $ 3.85 1 Yr Ago $ 610,000 $390,400 146,400 13,300 9,000 559,100 $ 50,900 Earnings per share $ 3.12 For both the Current Year and 1 Year Ago, compute the following ratios: 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 Current Year: / / / = % 1 Year Ago: II % Required 3A Required 3B 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