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[ The following information applies to the questions displayed below. ] Simon Company's year - end balance sheets follow. The company's income statements for the

[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
The company's income statements for the Current Year and 1 Year Ago, follow.
For both the Current Year and 1 Year Ago, compute the following ratios:
(3-a) Compute return on total assets for the current year and one year ago.
(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.
Compute return on total assets for the current year and one year ago.
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