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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 $ 31,400 87,300 111,000 10,500 276,000 $516,200 $ 36,000 $ 37,600 61,000 49,500 82,600 54,500 9,450 4,700 255,500 234,000 $444,550 $ 380,300 $129,200 $ 74,750 $50,000 96,500 162,500 128,000 $516,200 99,500 80,600 162,500 162,500 107,800 87,200 $444,550 $ 380,300 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 $ 735,000 $448, 350 227,850 11,600 9,600 697.400 $ 37,600 1 Yr Ago $ 550,000 $ 346,500 126,500 13,400 8,725 495, 125 $ 54,875 $ 3.38 2.31 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? 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: % 1 Year Ago: % Fuled Required 3B >

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