Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Retained earnings Common stock, $10 par value Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 30,800 89,200 111,000 $ 35,250 $ 38,400 62,500 80,800 $ 436,400 163,000 129,800 $ 518,800 $ 436,400 10,800 277,000 $ 518,800 $128,000 98,000 9,350 248,500 $ 75,750 100,250 163,000 97,400 49,000 54,000 5,000 232,000 $ 378,400 $ 50,200 82,400 163,000 82,800 $ 378,400 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Current Year $775,000 $ 480,500 240,250 11,800 9,500 742,050 $ 32,950 1 Year Ago $ 580,000 $ 359,600 133,400 12,900 9,000 514,900 $ 65,100 Earnings per share $ 2.02 For both the Current Year and 1 Year Ago, compute the following ratios: $ 3.99 (2) Compute total asset turnover for the current year and one year ago. Total Asset Turnover Current Year: 1 Year Ago: Numerator: Denominator: = Total Asset Turnover Total asset turnover times times (3-0) Compute return on total assets for the current year and one year ago. (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 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: Return On Total Assets Return on total assets: 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