Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 30,600 $ 35,250 $ 37,200 Accounts receivable, net 87,300 63,500 59,500 Merchandise inventory 111,500 81,600 54,000 Prepaid expenses 10,950 9,250 4,000 Plant assets, net 277,800 248,500 226,000 Total assets $ 517,350 $ 438,100 $ 371,700 Liabilities and Equity Accounts payable $ 129,200 $ 73,750 $ 50,800 Long-term notes payable 97,500 98,500 83,200 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 128,150 183, 350 75,200 Total liabilities and equity $ 517,350 $ 438,100 $ 371,700 The company's income statements for the Current Year and 1 Year Ago, follow, For Year Ended December 31 Current Year 1 Year Ago Sales $ 745,000 $ 590,000 Cost of goods sold $ 454,450 $ 371,700 Other operating expenses 230,950 135,700 Interest expense 11,900 12,600 Income tax expense 9,400 8.925 Total costs and expenses 706,700 528,925 Net income $ 38,300 $ 61,075 Earnings per share $ 2.36 $ 3.76 Exercise 13-10 (Algo) Part 2 [Alternate Version) (2) Compute total asset turnover for the current year and one year ago Total Asset Tumover Denominator Numerator: Total Asset Tumover Total asset turnover times Current Year: 1 Year Ago: times