UITIUIT Lurripuity ycuicuu wuIUILE JUICE 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 $ 30,800 89, 100 112,500 10,300 280,000 $522,700 $ 35,250 $ 38,400 62,500 50,000 82,000 54,500 9,450 5,200 249,000 229,000 $438,200 $ 377,100 $128,400 $ 73,500 $ 51,200 95,500 164,000 134,800 $522,700 99,750 80,400 164,000 164,000 100,950 81,500 $438,200 $ 377,100 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 $715,000 $436,150 221,650 11,200 9,600 678,600 $ 36,400 $ 2.22 1 Yr Ago $630,000 $409,500 157,500 12,900 8,675 588,575 $ 41,425 $ 2.53 (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 Denominator: Average total assets Choose Numerator: Net income Return On Total Assets Return on total assets Current Year: 1 Year Ago: Required 38 >