6 Part 2 of 3 125 points Required information Exercise 13-10 Analyzing efficiency and profitability LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current 1 A2 Yrs Ago Assets Cash $ 30,00 $ 35,750 $ 37,200 Accounts receivable, net 89.900 61,500 Merchandise inventory 111,500 80,600 54,000 Prepaid expenses 10,800 9,200 4,700 Plant assets, net 279.000 250, 500 234.000 Total assets 5522,000 $441,550 $ 379.000 Liabilities and Equity Accounts payable $120,000 $ 74,750 50,200 Longter notes payable secured by more on plant assets 96,500 98.000 80.800 Comon stock, $10 per value 163,500 163.500 163,500 Betained earnings 133,200 105,100 35.400 Total liabilities and equity $522,000 $441,550 $ 379,900 100 Hint Seferences The company's income statements for the current Year and 1 Year Ago Follow 1 Y For Year Ended December 31 Cost of goods sold Other operating expenses Teterest expense 580.000 current 1765,00 546,650 237.150 11,400 3365,400 133.400 12.500 32 Total costs and expenses Net Income Earnings per share 724.000 510,400 2147 1225 560,025 3.67 For both the Current Year and 1 Year Ago, compute the following ratios Exercise 13-10 Part 2 (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: = Current Year: Total Asset Turnover Total asset turnover times times 1 Year Ago