[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 $ 32,200 89,300 111,500 10,250 278,000 $521,250 $ 35,750 $ 38,400 61,500 50,500 82,200 54,000 9,200 4,400 255,000 232,000 $443,650 $ 379,300 $130,000 $ 72,750 $50,200 97,000 160,500 133, 750 $521,250 101,750 80,00 160,500 160,500 108,650 87,800 $443,650 $ 379,300 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $570,000 For Year Ended December 31 Sales Cout of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Y $735,000 5426.300 235,200 11,400 9.550 682,450 $ 52,550 $ 3.27 5359, 100 136,800 12,800 8,700 517,400 $ 52.600 3.28 For both the Current Year and 1 Year Ago, compute the following ratios (3-a) Return on total assets. (3-6) 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 Return On Total Assets Return total asset X Current Year: 1 Year Ago Required 38 >