Required Information [The following information applies to the questions disployed below] Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,800 $ 35,625 $ 37,902 Accounts receivable, net 89,50 62.500 52,200 Merchandise inventory 112.500 82,588 54,800 Prepaid expenses 18,789 9.375 5.ee Plant assets, net 278.500 255,000 238,500 Total assets $523,000 $445,228 $ 377,582 Liabilities and Equity Accounts payable $129,900 $ 75,250 $ 51,250 Long-tern notes payable secured by mortgages on plant assets 98,522 181,500 83,502 Common stock, $10 par value 163,500 163,500 163,5ee Retained earnings 131, 189 184,750 79,252 Total liabilities and equity $523, cea $445,200 $ 377,502 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 Earnings per share Current Yr $673,50 $411,225 289,550 12.100 9,525 642, 480 $ 31,100 1 Yr Ago $ 532,202 $345, 500 134,989 13,30 8,845 se2,625 $ 29,375 $ 1.se 1.90 For both the Current Year and 1 Year Ago.compute the following retios: (2) Total asset turnover. Choose Numerator: Total Asset Turnover 1 Choose Denominator: 1 Total Asset Turnover Total asset turnover Current Year: 1 times 1 Year Ago: times