(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 $ 31,200 88, 400 112,500 10,700 282,000 $524,800 $ 36,000 $ 37,400 63,500 50,000 83,400 53,000 9,300 5, 200 258,500 226,000 $450,700 $ 371,600 $129,600 $ 73,250 $ 51,400 97,000 160,500 137,700 $524,800 98,500 80,400 160,500 160,500 118,450 79,300 $450, 700 $ 371,600 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 Current Yr $ 745,000 $447,000 230,950 11,100 9,550 698,600 $ 46,400 1 Yr Ago $ 550,000 $352,000 126,500 13,500 8, 700 500, 700 $ 49,300 Earnings per share $ 2.89 $ 3.07 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 Current Year: / II % 1 Year Ago: / = %