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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,000 88,600 111,500 10,800 282,000 $523,900 $ 36,250 $ 37,200 61,000 50,000 83,200 53,000 9,500 5,000 258,000 230,000 $447,950 $375,200 $128,800 96,500 162,500 136,100 $523,900 $ 73,500 $ 50,200 101,250 83,200 162,500 162,500 110,700 79,300 $447,950 $375,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $785,000 $620,000 Cost of goods sold $494,550 $396,800 Other operating expenses 243,350 148,800 Interest expense 11,200 12,800 Income tax expense 9.500 8,700 Total costs and expenses 758, 600 567, 100 Net income $ 26,400 $ 52,900 Earnings per share $ 1.62 $ 3.26 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 vers 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 10 Return On Total Assets Return on total assets Current Year: 1 Year Ago: 1 % 1 % hices Required 38 >