Question: need help with required 3A and 3B Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [The following information applies to the questions displayed

![questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66e5d18748911_41466e5d186d6aac.jpg)

Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [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 $ 32,200 86,400 111,000 10, 200 281,000 $520, 800 $ 35,000 $ 38,200 61,000 50,000 80, 200 54,500 9,350 5,000 248,500 230,000 $434,050 $ 377,700 $128,400 $ 73,000 $ 51,000 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 97,000 163,500 131,900 $520,800 100,500 82,600 163,500 163,500 97,650 80,600 $434,050 $ 377,700 The company's income statements for the Current Year and 1 Year Ago, follow, Current Yr $775,000 For Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net income $449,500 240, 250 11,500 9,550 1 Yr Ago $ 630,000 $396,900 151,200 12,800 8,825 569,725 $ 60,275 710,800 $ 64,200 Earnings per share 5 3.93 $ 3.69 For both the Current Year and 1 Year Ago, compute the following ratios Exercise 13-10 Part 3 (3-0) 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 Nurnerator: 1 Choose Denominator: Return On Total Assets Current Year: Retum on total assets % 1 Year Ago: & SITTEL Required 3B > Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Return on total assets
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