Help Check 21 Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 yrs ago 2 or 3 At December 31 Assets Cash Accounts receivable.net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant annet Coron stock, $10 par value Retained earnings Total liabilities and equity $ 32,200 89,90 112,eee 19,750 279.000 525,850 $ 35, 63,800 50,000 82,200 54,500 9,250 255,000 231 cee 5494,450 $376,900 $128,800 $ 74,258 50, 600 Book 97,500 161,500 136.se 5523,50 181,250 81,200 161,500 161,500 187,450 83,60 5444,450 $376,990 Hit Pris ferences The company's income statements for the Current Year and 1 Year Ago follow. For Year Ended December 31 Sales Cest of goods sold Other operating expenses Interest expense income tax expense Total costs and expenses Let Income 1 Yago 610,000 $390, 480 152,500 12,700 Current ve $ 735,000 $426,300 327,650 12,300 9.550 675.000 59.000 3.65 564 275 $ 45,725 5 The ner har Prey 21 of 22 Next N-ACG2011 Bavod Help Save & Chec The company's income statements for the Current Year and 1 Year Ago follow Current Yr $735,000 1 YA $ 618,ce 5190,400 152,500 12.700 227,850 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 676,000 $ 50.000 $ 3.65 564,275 $ 45,725 $ 2.83 For both the Current Year and 1 Year Ago, compute the following ratios (2) Total asset tumover. TAS Turnover Choose Denominator Choose Numerator - Total Asset Turnover Total albumove Current Year 1 Year Agot