Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net $ 31,800 89,500 $ 35,625 62,500 $ 37,800. Merchandise inventory Prepaid expenses 112,500 82,500 50,200 54,000 Plant assets, net Total assets Liabilities and Equity Accounts payable 10,700 278,500 $ 523,000 Long-term notes payable. Common stock, $10 par value Retained earnings $ 445,000 $ 129,900 $ 75,250 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $ 523,000 $445,000 9,375 255,000 $ 377,500 $51,250 5,000 230,500 Total liabilities and equity $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 Net income Current Year $ 411,225 209,550 12,100 9,525 1 Year Ago $ 673,500 $532,000 $ 345,500 134,980 13,300 8,845 642,400 $ 31,100 502,625 $29,375 $ 1.90 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: $1.80 Total costs and expenses Net income Earnings per share 642,400 $ 31,100 $ 1.90 For both the Current Year and 1 Year Ago, compute the following ratios (3-6) Compute return on total assets for the current year and one year ago. 502,625 $ 29,375 $ 1.80 (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) 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 Retum on total assets % T 1% Required 38 >