The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Herchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by sortgages on plant assets Common stock, $10 par value Retained earnings Total Liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 32,200 $ 35,750 $ 37,400 86,400 110,500) 10,300 61,500 50,000 84,000 55,000 9,450 4,800 279,000 256,500 225,000 $518,400 $447,200 $372,200 $129,600 $73,500 $51,200 95,500 99,000 88,600 162,500 162,500 162,500 130,800 112,200 77,900 $518,400 $447,200 $372,288 The company's income statements for the Current Year and 1 Year Ago, follow For Year Ended December 31 Sales Current Yr $785,000 1 Yr Ago $640,000 Cost of goods $463,150 5403,200 sold Other operating expenses Interest expense 11,600 243,350 153,600 13,000 Income tax 9,400 8,700 expense Total costs and 727,500 578,500 expenses Net income $ 57,500 $ 61,500 Earnings per $ 3.54 $ 3.78 share For both the Current Year and 1 Year Ago, compute the following ratos (-) Return on total assets -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 Required 3A 38 Return on total assets Return On Total Assets Choose Numerator Choose Denominator Average total assets Current Year 1 Year Ago: Net income Return On Total Assets Return on total assets 0% 0% Required 34 Required 38 >