Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net $ 30,400 88,800 $ 35,250 $ 37,200 51,000 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity 113,000 10,950 279,000 64,000 80,000 9,350 254,000 $ 442,600 $ 522,150 Accounts payable $ 128,000 $ 73,750 Long-term notes payable 96,000 Common stock, $10 par value 162,500 Retained earnings 135,650 Total liabilities and equity $ 522,150 98,500 162,500 107,850 52,000 4,900 233,000 $ 378,100 $ 51,200 84,000 162,500 80,400 $ 442,600 $ 378,100 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 Current Year $ 735,000 $ 448,350 227,850 12,300 9,300 1 Year Ago $ 620,000 Total costs and expenses Net income Earnings per share 697,800 $ 37,200 $ 2.29 $ 384,400 148,800 12,800 8,550 For both the Current Year and 1 Year Ago, compute the following ratios: 554,550 $ 65,450 $ 4.03 (2) Compute total asset turnover for the current year and one year ago. (2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Total Asset Turnover Denominator: + E Total Asset Turnover Total asset turnover times times