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 $ 30,800 89,000 113,000 10, 700 276,000 $519,500 $ 36,500 $ 37,200 61,500 50, 500 82,000 52,000 9,400 4,600 258,000 228,000 $447,400 $ 372, 300 $129,200 $ 73,750 $ 51,000 98,000 162,000 130,300 $519,500 99,500 80,400 162,000 162,000 112, 150 78,900 $447, 400 $ 372,300 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 $755,000 $453,000 234,050 12,400 9,350 708,800 $ 46,200 $ 2.85 1 Yr Ago $540,000 $334,800 135,000 12,700 8,800 491,300 $ 48,700 $ 3.01 For both the Current Year and 1 Year Ago, compute the following ratios: For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-10 Part 3 (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: Roturn On Total Assets Return on total assets 1 1 Current Year: 1 Year Ago: 1 % Required 30 >