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The following information applies to the questions displayed below Simon Company's year-end balance sheets follow. Current Ye 18 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 38,400 112,000 10,650 229.00 5521,450 1 Ye Yes. A $ 36,250 $38.600 61,500 51.000 82,000 52,500 9,300 4,500 257 000 230.000 $446,850 $376,600 $129,200 $ 73,00 $ 51,200 97,000 163,50e 131,250 5521,450 99,000 80,600 163,500 163,500 111, 350 81300 $446,850 $376,600 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 $735,000 $455,700 235,200 11.See 9,600 712,000 $ 23,000 5 1.41 1 Ye A $ 620,000 $396,500 142,600 13,100 8,525 561,025 $ 58,975 $ 3.61 For both the Current Year and 1 Year Ago, compute the following ratios (2) Total asset turnover. For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Asset Turnover Choose Denominator Choose Numerator: Total Asset Turnover Total asset turnover 0 times Current Year: / 1 Year Ago: O times For both the Current Year and 1 Year Ago, compute the following ratios: (3-6) Return on total assets (3-6) 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 JA Required 38 Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Return On Total Assets Return on total assets 1 Current Year: 1 Year Ago: Required 34 Required 38 >

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