Required information [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,200 $ 36,250 $ 37,600 Accounts receivable, net 86,300 63,000 50,000 Merchandise inventory 113,000 84,000 52,500 Prepaid expenses 10,350 9,350 5,400 Plant assets, net 276,000 256,500 232,000 Total assets $ 516,850 $ 449,100 $ 377,500 Liabilities and Equity Accounts payable $ 129,200 $ 73,000 $ 50,000 Long-term notes payable secured by mortgages on plant assets 96,000 101,500 82,200 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 129,150 112,100 82,800 Total liabilities and equity $ 516,850 $ 449,100 $ 377,500 The companys income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 725,000 $ 540,000 Cost of goods sold $ 442,250 $ 334,800 Other operating expenses 224,750 124,200 Interest expense 11,900 13,200 Income tax expense 9,600 8,525 Total costs and expenses 688,500 480,725 Net income $ 36,500 $ 59,275 Earnings per share $ 2.25 $ 3.65 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?

Check my work Required information (The following information applies to the questions displayed below.) Part 3 of 3 Simon Company's year-end balance sheets follow. Current yr 1 Yr Ago 2 Yrs Ago 2.14 points Skipped 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 $ 31,200 86,300 113,000 10, 350 276,000 $516,850 $ 36,250 $ 37,600 63,00050,000 84,000 52,500 9,3505 ,400 256,500 232,000 $449,100 $ 377,500 eBook Hint $129,200 $ 73,000 $ 50,000 Print References 96,000 162,500 129, 150 $516,850 101,500 82,200 162,500 162,500 112,100 82,800 $449,100 $ 377,500 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 Current Yr $ 725,000 $442,250 224,750 11,900 9,600 688,500 1 Yr Ago $ 540,000 $ 334,800 124, 200 13,200 8,525 480,725 Check my work Retained earnings Total liabilities and equity 12V IVU $516,850 $449,100 $ 377,500 The company's income statements for the Current Year and 1 Year Ago, follow. Part 3 of 3 2.14 points 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 $725,000 $442,250 224,750 11,900 9,600 688,500 $ 36,500 $ 2.25 1 Yr Ago $540,000 $334,800 124, 200 13,200 8,525 480,725 $ 59,275 $ 3.65 Skloped Earnings per share eBook Hint For both the Current Year and 1 Year Ago, compute the following ratios: Print References (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 Check my work (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? Part 3 of 3 Complete this question by entering your answers in the tabs below. 2.14 points Required 3A Required 3B Skipped Return on total assets eBook Hint Return On Total Assets 1 Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets Print References Current Year: 1 Year Ago: Required 3A Required 3B > Check my work (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? Part 3 of 3 Complete this question by entering your answers in the tabs below. 2.14 points Required 3A Required 3B Skipped Return on total assets eBook Return On Total Assets Hint Choose Numerator: 1 Choose Denominator: Return On Total Assets Print Return on total assets References Current Year: 1 Year Ago: . Reg Average accounts receivable, net Average total assets Cost of goods sold Current assets