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 $ 31,000 86,700 110,500 10,300 281,000 $519,500 $ 36,500 $ 38,200 62,500 50, eee 82,600 52,580 9,450 4,400 248,50 233, eee $439,550 $ 378,100 $128,400 $ 73,750 $ 50,800 96,500 163,000 131,600 $519,5ee 102,000 83,280 163,000 163,000 100,800 81,100 $439,550 $ 378,100 The company's income statements for the Current Year and 1 Year Ago follow. For Year Ended December 31 Current Yr 1 Ye Ago Sales $765,000 $ 628,080 Cost of goods sold $451,350 $390,688 Other operating expenses 237,150 142,6ee Interest expense 11,400 13,200 Income tax expense 9,400 8,70 Total costs and expenses 709,3ee 555, 10e Net income $ 55,700 $ 64,900 Earnings per share $ 3.42 $ 3.98 For both the Current Year and 1 Year Ago compute the following tatlos: (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 38 Return on total assets Return On Total Assets Choose Numerator Choose Denominator Return On Total Assets Rotum on total assets ol 0 Current Year: 1 Year Ago: Required SA Required 38 >