[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 30,600 $ 35,750 $ 38,400 Accounts receivable, net 87,300 62,500 50,500 Merchandise inventory 110,000 80,800 54,000 Prepaid expenses 10,400 9,458 5,200 Plant assets, net 278,000 258,500 229,000 Total assets $516,300 $447,000 $ 377,100 Liabilities and Equity Accounts payable $128,800 $ 74,750 $ 50,400 Long-term notes payable secured by mortgages on plant assets 97,500 99,500 81,000 Common stock, $10 par value 161,500 161,500 161,500 Retained earnings 128,500 111,250 84,200 Total liabilities and equity $516,300 $447,000 $ 377,100 The company's income statements for the Current Year and 1 Year Ago follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $745,000 $ 560,000 Cost of goods sold $469,350 $352,800 Other operating expenses 230,950 128, 800 Interest expense 11,900 13,200 Income tax expense 9,300 8,575 Total costs and expenses 721,500 503,375 Net income $ 23,500 $ 56,625 Earnings per share $ 1.46 $ 3.51 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? Answer is complete but not entirely correct. 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: Net income $ Current Year: 1 Year Ago: Choose Denominator: Average total assets 745,000 $ 963,300 600.000 $ 824,100 Required 38 ) Return On Total Assets Return on total assets 773 % 728 % $