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 $ 31,400 86,400 110,000 10,850 279,000 $ 517,650 $ 35,500 $ 37,800 64,000 50,000 81,200 53,000 9,300 4,900 255,000 227,000 $445,000 $ 372,700 $129,600 $ 73,750 $ 50,200 96,500 161,000 130,550 $ 517,650 100,000 81,400 161,000 161,000 110,250 80,100 $445,000 $ 372,700 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 Yr $ 785,000 $ 455,300 243,350 11,700 9,350 719,700 $ 65,300 1 Yr Ago $ 620,000 $390, 600 142,600 13,100 8,650 554,950 $ 65,050 Earnings per share $ 4.06 $ 4.04 For both the Current Year and 1 Year Ago, compute the following ratios (3-a) Return on total assets. (3-6) 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. Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income $455,300 243,350 11,700 9,350 $390,600 142,600 13,100 8,650 719,700 $ 65,300 554,950 $ 65,050 Earnings per share $ 4.96 $ 4.64 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: % %