Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 30,800 87,800 112,500 10,300 277,000 $518,400 $ 36,500 $ 37,600 61,500 49,500 80,400 54,500 9,200 4,600 257,000 226,000 $444,600 $ 372,200 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 $128,800 $ 75,000 $ 50,400 95,000 162,500 132, 100 $518,400 99,750 81,000 162,500 162,500 107,350 78,300 $444,600 $ 372,200 The company's income statements for the Current Year and 1 Year Ago follow. 1 Yr Ago $ 620,000 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $755,000 $460,550 234,050 12,100 9,550 716,250 $ 38,750 $396,800 148,800 13,400 8,525 567,525 $ 52,475 $ 3.23 $ 2.38 Earnings per share lain the current Year and 1 Year Ago, compute the following ratios: Retained earnings Total liabilities and equity $518,400 $444,600 $ 372,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current YE $755,000 $460,550 234,050 12,100 9.550 716,250 $ 38,750 1 Yr Ago $ 620,000 $396,800 148,800 13,400 8,525 567,525 $ 52,475 2.38 5 $ 3.23 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. = Total Asset Turnover Total Asset Turnover Choose Denominator: Average total assets Choose Numerator: ### Total asset turnover O times Net sales Current Year: O times 1 Year Ago