ces 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 1 Year Ago 2 Years Ago $ 31,800 86,200. 110,500 10,800 278,000 $ 517,300 $ 36,500 61,000 $ 37,200 50,000 53,500 80,200 9,500 256,000 4,800 226,000 $ 371,500 $ 443,200 $ 129,200 $ 72,000 100,250 $ 50,200 161,500 109,450 96,000 161,500 130,600 $ 517,300 $ 443,200 82,400 161,500 77,400 $ 371,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 755,000 $ 468,100 234,050 1 Year Ago $ 600,000 11,700 9,350 723,200 $ 31,800 $ 1.97 $ 390,000 144,000 12,900 8,875 For both the Current Year and 1 Year Ago, compute the following ratios: 555,775 $ 44,225 $ 2.74 (2) Compute total asset turnover for the current year and one year ago. (2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: =Total Asset Turnover Total asset turnover = times times