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 Current Year 1 Year Ago 2 Years Ago $ 31,800 86,200 110,500 10,800 278,000 $ 517,300 161,500 $ 36,500 61,000 $ 37,200 50,000 80,200 9,500 256,000 $ 443,200 $ 129,200 96,000 $ 72,000 100,250 161,500 130,600 109,450 $ 517,300 $ 443,200 53,500 4,800 226,000 $ 371,500 $ 50,200 82,400 161,500 77,400 $ 371,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 755,000 $ 468,100 234,050 11,700 9,350 1 Year Ago $ 600,000 $390,000 144,000 12,900 8,875 723,200 $ 31,800 $1.97 555,775 $ 44,225 $ 2.74 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? < Prev 15 of 19 Next > 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 Return on total assets % Required SA Required 38 > 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