Simon Company's year-end balance sheets follow. 234,000 $380,500 At December 31 Current Year 1 Year Ago...

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Simon Company's year-end balance sheets follow. 234,000 $380,500 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 32,200 86,100 $ 36,500 63,500 $ 37,400 112,500 83,800 50,500 53,500 10,900 9,450 5,100 277,000 249,500 $518,700 $442,750 Liabilities and Equity Accounts payable $129,600 Long-term notes payable 97,000 Common stock, $10 par value 163,000 Retained earnings Total liabilities and equity 129,100 $518,700 107,750 $442,750 $ 72,000 100,000 163,000 $ 50,800 81,800 163,000 84,900 $380,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income Current Year 1 Year Ago $ 745,000 $560,000 $ 469,350 238,400 11,400 9,300 $ 352,800 128,800 12,900 8,625 728,450 $16,550 503,125 $ 56,875 Earnings per share $1.02 For both the Current Year and 1 Year Ago, compute the following ratios: $3.49 Net income Earnings per share $ 16,550 $ 1.02 For both the Current Year and 1 Year Ago, compute the following ratios. $ 56,875 $3.49 (3-a) Compute return on total assets for the current year and one year ago. (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. ces Required 3A Required 38 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: Return On Total Assets Return on total assets Required SA Required 38 > Simon Company's year-end balance sheets follow. 234,000 $380,500 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 32,200 86,100 $ 36,500 63,500 $ 37,400 112,500 83,800 50,500 53,500 10,900 9,450 5,100 277,000 249,500 $518,700 $442,750 Liabilities and Equity Accounts payable $129,600 Long-term notes payable 97,000 Common stock, $10 par value 163,000 Retained earnings Total liabilities and equity 129,100 $518,700 107,750 $442,750 $ 72,000 100,000 163,000 $ 50,800 81,800 163,000 84,900 $380,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income Current Year 1 Year Ago $ 745,000 $560,000 $ 469,350 238,400 11,400 9,300 $ 352,800 128,800 12,900 8,625 728,450 $16,550 503,125 $ 56,875 Earnings per share $1.02 For both the Current Year and 1 Year Ago, compute the following ratios: $3.49 Net income Earnings per share $ 16,550 $ 1.02 For both the Current Year and 1 Year Ago, compute the following ratios. $ 56,875 $3.49 (3-a) Compute return on total assets for the current year and one year ago. (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. ces Required 3A Required 38 Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Return On Total Assets Numerator: Denominator: Return On Total Assets Return on total assets Required SA Required 38 >