Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 39,800 88,400 112,500 10,900 279,900 $521,600 $ 35,250 $ 37,000 61,000 50,000 83,000 54,800 9, 300 4,000 254,500 229,000 5443,950 $ 374,000 $129,600 $ 73,250 $ 50,200 95,000 160,500 136,500 $521,600 98,250 89,800 160,500 160,500 111,050 82,500 $443,950 $ 374,000 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 $765,000 $474,300 244,800 12,000 9,550 740,650 $ 24,350 $ 1.52 1 yr Ago $ 590,890 $371,700 141,600 13,000 8,575 534,875 $ 55, 125 $ 3.43 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 Ag (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: Choose Denominator: Return On Total Assets Return on total assets Current Year: 1 Year Ago: Required 3 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