Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Ye 1 Yr Ago 2 Yra Ago 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 $ 30,200 89, 900 112,500 10,500 277,000 $520, 100 $ 35,250 $ 38,200 62,000 49, 500 80,800 52,500 9,450 4,600 256, 500 227,000 $444,000 $372,800 $128,800 $ 73,000 $ 51,200 95,500 162,000 133, 800 $520, 100 101, 500 83,400 162,000 162.000 107,500 75,200 5449,000 S 371, 800 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Current Yr $715,000 $429,000 221,650 11,300 9, 300 671,250 $ 43,750 1 Yr Ago $ 610,000 $396,500 140,300 12,800 8,575 558, 175 $ 51,825 Net income Earnings per share $ 2.70 S 3.20 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 vers Complete this question by entering your answers in the tabs below. Required 3A Required 3B Return on total assets Required information Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Return On Total Assets 11 Return on total assets Current Year: 1 Year Ago: 96 Required 38 >