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Required information [The following information applies to the questions displayod bolow] Simon Company's year-end balance sheets follow. The company's income statements for the Current Year

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Required information [The following information applies to the questions displayod bolow] Simon Company's year-end balance sheets follow. The company's income statements for the Current Year and 1 Year Ago, follow. For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Compute return on total assets for the current year and one year ago. (3-b) Based on retum on total essets, 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. Compute retum on total assets for the current year and one year ago. Required information [The following information applies to the questions displayod bolow] Simon Company's year-end balance sheets follow. The company's income statements for the Current Year and 1 Year Ago, follow. For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) 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. Based on retum on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago

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