Current Yr 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,800 89,000 113,000 10,700 276,000 $519,500 1 Yr Ago 2 Yrs Ago $ 36,500 $ 37,200 61,500 50, 500 82,000 52,000 9,400 4,600 258,000 228,000 $447,400 $ 372,300 $129,200 98,000 162,000 130,300 $519,500 $ 73,750 $ $1,000 99,500 80,400 162,000 162,000 112,150 78,900 $447,400 $ 372,300 The company's income statements for the Current Year and 1 Year Ago, follow. Yor Year Ended December 31 Current Yr 1 Yr Ago Sales $755,000 $540,000 Cost of goods sold $453,000 $334,800 Other operating expenses 234,050 135,000 Interest expense 12,400 12,700 Income tax expense 9,350 8,800 Total costs and expenses 708,800 491,300 Net income $ 46,200 $ 48,700 Earnings per share $ 2.85 $ 3.01 For both the Current Year and 1 Year Ago, compute the following ratios: 12,400 9,350 12,700 8.800 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 708,800 $ 46,200 $ 2.85 491,300 $ 48,700 $ 3.01 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: Total Asset Turnover Total asset turnover times Current Year: 1 Year Ago: times