Required Information [The following Information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Ye Ago 2 Yrs Ago $ 32,888 86,988 112,500 18,480 282,080 $523, 800 $ 35,250 $ 38,600 64,680 49,000 80,400 53,500 9,360 4,800 254.990 233,600 $442,950 $ 378,900 At December 31 Assets Cash Accounts receivable, nel Merchandise inventory Prepaid expenses Plant assets, nel Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Relained earnings Total liabilities and equity $128,480 $ 74,800 $ 50, 600 97,880 162,068 136,468 $523,888 98, 250 83,408 162,880 162,500 188,700 82,900 $442,950 $ 378,900 The company's income statements for the Current Year and 1 Year Ago. follow. Tor Year Ended December 31 Current Yr 97175.000 $490, 500 248.250 1 Yr Ago $ 600.oee $483 208 117. 96 13,200 Cost of goods sold Other operating expenses Interest expense Income Lax expense Telal costs and expenses Nel Income 582.750 $ 47,250 3326 $ 02 5 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratlos: (2) Total asset turnover. Total Asset Turnover Choose Denominator Choose Numerator: Total Asset Turnover Total asset turnover Current Year: times 1 Year Age: = times (3a) 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 11 Choose Numerator: Choose Denominator Return On Total Assets Return on total assets 11 Current Year: 1111 1 Year Ago: Required 38 > Complete this question by entering your answers in the tabs below. Required 3A Required 30 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