The following information applies to the questions displayed below.) 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 $ 31,600 86,800 112,000 10,500 281,000 $521,900 $ 36,250 $ 37,200 62,500 50,000 84,000 55,000 9,250 4,900 254,500 234,000 $446,500 $ 381,100 $128,000 $ 73,000 $ 50,200 96,000 162,500 135,400 $521,900 99,000 80,000 162,500 162,500 112,000 88,400 $446,500 $ 381,100 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 $745,000 $439,550 238,400 11,700 9,350 699,000 $ 46,000 2.83 1 Yr Ago $ 600,000 $372,000 150,000 13,100 8,550 543,650 $ 56,350 3.47 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 (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 96 Current Year 1 Year Ago: Required 38 > 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 Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Earnings per share $ 2.03 $ 1.89 For both the Current Year and 1 Year Ago, compute the following ratios (3-a) Times Interest eamed, (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 38 Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? men and