Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 37,800 Current Year 1 Year Ago 2 Years Ago $ 31,800 89,500 $ 35,625 112,500 82,500 10,700 278,500 $ 523,000 $ 129,900 98,500 163,500 131,100 $ 523,000 62,500 9,375 255,000 $445,000 $ 75,250 101,500 163,500 104,750 $445,000 50,200 54,000 5,000 230,500 $ 377,500 $ 51,250 83,500 163,500 79,250 $ 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 Year $ 673,500 $ 411,225 209,550 12,100 9,525 642,400 1 Year Aga $532,000 $ 345,500 134,980 13,300 8,845 502,625 For Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Current Year $ 411,225 209,550 12,100 9,529 1 Year Ago $ 673,500 $ 345,500 134,980 13,300 8,845 $ 532,000 Net income 642,408 $ 31,100 502,625 $29,375 Earnings per share $1.90 $ 1.80 For both the Current Year and 1 Year Ago, compute the following ratios: (3-5) 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. Required 3A Required 38 (3-0) 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. Required JA Required 38 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: Return On Total Assets, Return on total assets (3-0) 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. Required 3A Required 38 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