Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yes Ago At December 31 Asset Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets net Total assets Liabilities and Equity Accounts payable Long-term dotes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,400 88, 100 111,500 10,500 278,000 $520, 500 $ 35,250 $ 37,800 64,000 49,000 80,600 53,500 9,450 4,100 254,500 228,000 $443,800 $ 372,400 $128,400 $ 75,000 $50, 400 96,000 163,500 132,600 $520, 500 99,000 82,600 163,500 163,500 106,300 75,900 $443,800 $ 372,400 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 Yr $ 755,000 $445,450 241,600 11,100 9,550 707,700 $ 47,300 1 Yr Ago $ 640,000 $ 409,600 153,600 13,000 9,000 585,200 $ 54,800 $ 2.89 $ 3.35 For both the Current Year and 1 Year Ago, compute the following ratios: Total costs and expenses Net income 707 700 $ 47,300 585 200 $ 54,800 Earnings per share 2.89 $ 3.35 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Assat Turnover Choose Denominator Choose Numerator 11 Total Asset Turnover Total asset turnover times Current Year: 1 Year Ago: times Nint