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 Current Year 1 Year Ago 2 Years Ago $ 35,750 61,000 $ 30,800 89,300 111,000 10,400 277,000 $ 518,500 96,000 161,000 132,300 $ 129,200 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 80,200 9,300 258,500 $ 444,750 $ 74,250 100,750 161,000 108,750 $ 518,500 $ 444,750 $ 38,000 50,000 54,500 5,100 227,000 $ 374,600 $ 50,200 80,400 161,000 83,000 $ 374,600 The company's Income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income Earnings per share Current Year 1 Year Ago $775,000 $ 570,000 $ 480,500 240,250 12,400 $ 353,400 131,100 13,000 9,550 8,825 742,700 $ 32,300 $ 2.01 506,325 $ 63,675 $3.95 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: =Total Asset Turnover = Total asset turnover = times = times