Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 $ 30,800 88,900 112,000 10,550 280,000 $522,250 $ 36,000 $ 37,400 63,500 51,000 82,600 54,500 9,500 4,600 259,000 228,000 $450, 600 $ 375,500 $128,400 $ 74,000 $ 51,200 96,500 164,000 133, 350 $522,250 100, 750 83,800 164,000 164,000 111,850 76,500 $450, 600 $ 375,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Agn For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 745,000 $439,550 238,400 11,600 9,450 699,000 $ 46,000 1 Yr Ago $ 540,000 $ 340, 200 129,600 12,600 8,800 491,200 $ 48,800 $ 2.80 $ 2.98 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 Part 3 (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 versus 1 Year Ago? comolete this question by entering vour answers in the tabs below Required 3A Required 3B Return on total assets Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets = Return on total assets Current Year: 1 = % 1 Year Ago: %