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[The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

At December 31	Current Year	1 Year Ago	2 Years Ago
Assets
Cash	$ 30,400	$ 36,250	$ 38,400
Accounts receivable, net	86,500	62,000	50,500
Merchandise inventory	112,000	82,200	53,000
Prepaid expenses	10,550	9,350	4,300
Plant assets, net	281,000	250,500	229,000
Total assets	$ 520,450	$ 440,300	$ 375,200
Liabilities and Equity
Accounts payable	$ 129,200	$ 72,750	$ 50,400
Long-term notes payable	96,000	101,250	80,000
Common stock, $10 par value	160,500	160,500	160,500
Retained earnings	134,750	105,800	84,300
Total liabilities and equity	$ 520,450	$ 440,300	$ 375,200

The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31	Current Year		1 Year Ago
Sales		$ 725,000		$ 540,000
Cost of goods sold	$ 435,000		$ 340,200
Other operating expenses	224,750		129,600
Interest expense	11,400		13,000
Income tax expense	9,450		8,900
Total costs and expenses		680,600		491,700
Net income		$ 44,400		$ 48,300
Earnings per share		$ 2.77		$ 3.01

For both the Current Year and 1 Year Ago, compute the following ratios:

(2) Compute total asset turnover for the current year and one year ago.