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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year Interest expense Income tax expense Total costs and expenses Net income $ 30,600 88,800 110,500 10,600 276,000 $ 516,500 $ 128,000 97,000 162,500 129,000 $ 516,500 $441,750 Current Year 1 Year Ago 2 Years Ago $ 437,100 218,550 $ 36,500 63,000 83,800 9,450 249,000 $ 441,750 11,500 9,550 $ 72,000 99,000 162,500 108,250 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 $ 705,000 676,700 $ 28,300 $ 1.74 $ 38,400 50,000 54,000 4,400 232,000 $ 378,800 Earnings per share 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. $ 51,400 83,000 162,500 81,900 $ 378,800 1 Year Ago $ 359,100 136,800 . 13,500 8,975 $ 570,000 518,375 $ 51,625 $ 3.18

Simon Company's year-end balance sheets follow. The company's income statements for the Current Year and 1 Year Ago, follow. 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