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 89,500 112,500 10,300 281,000 $524,300 $ 36,500 $ 38,400 62,500 49,500 82,000 54,000 9,300 4,900 257,500 234,000 $447,800 $ 380,800 $128,400 $ 73,000 $ 50,200 95,500 161,000 139,400 $524,300 101,750 82,000 161,000 161,000 112,050 87,600 $447,800 $ 380,800 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 $ 765,000 $ 474,300 237,150 11,700 9,350 732,500 $ 32,500 1 Yr Ago $ 610,000 $396,500 152,500 13,100 8,600 570, 700 $ 39,300 $ 2.02 $ 2.44 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: | Choose Denominator: Return On Total Assets / = Return on total assets Current Year: 1 % 1 Year Ago: % Complete this question by entering your answers in the tabs below. Required 3A Required 3B 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