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 1 Year Ago 2 Years Ago $ 35,750 62,000 82,000 $ 30,400 87,600 113,000 10,500 281,000 $ 522,500 $ 128,400 97,500 160,000 136,600 9,350 249,000 $ 438,100 $ 75,250 99,500 160,000 103,350 $ 522,500 $ 438,100 $ 37,600 49,500 55,000 5,100 230,000 $ 377,200 $ 51,400 82,800 160,000 83,000 $ 377,200 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 Earnings per share Current Year $ 735,000 $ 441,000 227,850 12,200 9,350 1 Year Ago $ 560,000 690,400 $ 44,600 $ 2.79 $ 364,000 134,400 13,500 8,975 520,875 $ 39,125 $ 2.45 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. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: Net sales / Average total assets = Total Asset Turnover Total asset turnover times times