Answer Happy

Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets $ 31,000 86,200 110,500 10,350 281,000 $ 519,050 $ 35,250 61,000 81,000 9,200 249,500 $ 435,950 $ 37,400 49,000 52,500 4,300 234,000 $ 377,200 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 128,800 97,500 161,500 11,250 $ 519,050 $ 74,000 101,000 161,500 99,450 $ 435,950 $ 50,200 81,400 161,500 84,100 $ 377,200 The company's income statements for the Current Year and 1 Year Ago, follow.
Common stock, $10 par value Retained earnings Total liabilities and equity 161,500 131,250 $ 519,050 161,500 99,450 $ 435,950 161,500 84, 180 $ 377,200 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 Current Year $ 775,000 $ 480,500 248,000 11,200 9, 500 749,200 $ 25,800 1 Year ago $ 620,000 $ 390,680 142, 680 12,500 8,525 594,225 $ 65,775 Earnings per share 4.37 For both the Current Year and 1 Year Ago, compute the following ratios: --a) Compute return on total assets for the current year and one year ago Dan
(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. Required 3A Required 3B Compute return on total assets for the current year and one year ago. Return On Total Assets Numerator: Denominator: = Return On Total Assets Return on total assets Current Year: = = 1 Year Ago: %