12 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr Part 2 of 3 1 Yr Ago 2 Yrs Ago 2.14 points 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 $ 31,000 86,700 112,500 10,500 280,000 $520,700 $ 36,000 $ 38,600 62,000 51,000 80,800 53,500 9,350 5,400 256,000 231,000 $444,150 $ 379,500 $129,200 $ 75,250 $ 51,600 eBook 95,000 161,000 135,500 $520,700 101,750 80,200 161,000 161,000 106, 150 86,700 $444,150 $ 379,500 Hint The company's income statements for the Current Year and 1 Year Ago, follow. Print References For Year Ended December 31 Sales Cost goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $715,000 $414,700 228,800 12,000 9,550 665,050 $ 49,950 $ 3.10 . Yr Ago $ 610,000 $390,400 140,300 13,400 8,500 552,600 $ 57,400 Earnings per share $ 3.57 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Choose Numerator: Total Asset Turnover 1 Choose Denominator: 1 II = Total Asset Turnover Total asset turnover times times / II Current Year: 1 Year Ago: 1