Exercise 13-10 (Algo) Part 3 [Alternate Version] (3-a) Compute return on total assets for the current year and one year ago. (3-1) Based on return on tfarreate, and Simary's operating efficiency improve or worsen in the Current Year versus 1 Year Age? 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. Current Year: 1 Year Ago: Numerator: Return On Total Assets I < Required 3A Denominator: = Return On Total Assets Return on total assets 0 % 0% = = Required 3B >
Exercise 13-10 (Algo) Part 3 [Alternate Version] (3-a) Compute return on total assets for the current year and one year ago. (3-1) Based on return on tfarreate, and Simary's operating efficiency improve or worsen in the Current Year versus 1 Year Age? 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. Current Year: 1 Year Ago: Numerator: Return On Total Assets I < Required 3A Denominator: = Return On Total Assets Return on total assets 0 % 0% = = Required 3B >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Exercise 13-10 (Algo) Part 3 [Alternate Version]
(3-a) Compute return on total assets for the current year and one year ago.
(3-4) Based on return on ta ta accate, did Simon's operating officiency improve or worsen in the Current Year versus 1 Year Age?
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.
Current Year:
1 Year Ago:
Numerator:
Return On Total Assets
1
1
1
/
< Required 3A
Denominator:
=
=
=
=
Required 3B >
Return On Total Assets
Return on total assets
0 %
0%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2165642d-d2eb-47dd-8647-1dd72fcbb8fc%2F83d59a99-3b4f-40b7-b5cd-400df5b4a65a%2F5biysa_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 13-10 (Algo) Part 3 [Alternate Version]
(3-a) Compute return on total assets for the current year and one year ago.
(3-4) Based on return on ta ta accate, did Simon's operating officiency improve or worsen in the Current Year versus 1 Year Age?
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.
Current Year:
1 Year Ago:
Numerator:
Return On Total Assets
1
1
1
/
< Required 3A
Denominator:
=
=
=
=
Required 3B >
Return On Total Assets
Return on total assets
0 %
0%

Transcribed Image Text:Simon Company's year-end balance sheets follow.
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
Common stock, $10 par value
Retained earnings
Total liabilities and equity
Current Year
$ 30,800
89,600
110,000
10,400
281,000
$ 521,800
Interest expense
Income tax expense
Total costs and expenses
Net income
Earnings per share
1 Year Ago
$ 128,800
$ 75,750
99,000
95,500
162,000
135,500
162,000
106,650
$ 521,800 $ 443,400
Current Year
$ 36,000
63,000
83,600
9,300
251,500
$ 443,400
$ 421,850
221,650
12,100
9,400
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
$ 715,000
665,000
$ 50,000
$3.09
2 Years Ago
$ 38,400
49,500
53,500
4,300
235,000
$ 380,700
For both the Current Year and 1 Year Ago, compute the following ratios:
$ 51,000
80, 200
162,000
87,500
$ 380,700
1 Year Ago
$ 378, 200
146,400
12,500
8,900
$ 610,000
546,000
$ 64,000
$3.95
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