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 $ 30,400 86,500 111,500 10,850 281,000 $520, 250 $ 36,250 $ 38,000 62,500 50,500 83,800 54,000 9,450 5,500 251,000 229,000 $443,000 $ 377,000 $130,000 $ 74,000 $ 50,400 97,000 163,500 129,750 $520,250 102,000 82,400 163,500 163,500 103,500 80,700 $443,000 $ 377,000 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 Earnings per share Current Yr $745,000 $447,000 238,400 12,300 9,400 707, 100 $ 37,900 $ 2.32 1 Yr Ago $ 590,000 $383,500 141,600 12,800 8,575 546,475 $ 43,525 $ 2.66 For both the Current Year and 1 Year Ago, compute the following ratios: (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? Complete this question by entering your 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 Year Ago: = %