Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 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 $ 31,600 89, 109 111,800 10,450 280,000 $ 522,150 $36,000 64,000 81,600 9,500 259,000 $ 450, 100 $ 37,600 50,000 54,500 4,000 233,000 $ 379,100 $ 129,600 97,500 163,000 132,050 $ 522,150 $ 74,750 98,250 163,000 114,100 $ 450, 100 $ 50,000 80,400 163,000 85,700 $ 379, 100 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 $ 735,000 $ 340,000 Cost of goods sold $441,000 $ 334,800 Other operating expenses 227,850 129,600 Interest expense 12,300 13,300 Income tax expense 9,500 8,875 Total costs and expenses 690,650 486,575 Net income $ 44,350 $ 53,425 Earnings per share $ 2.72 $ 3.28 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 12,300 9,500 690,650 $ 44,350 1 Year Ago $ 540,000 $ 334,800 129,609 13,308 8,875 486,575 $ 53,425 $ 3.28 $ 2.72 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. Numerator: Total Asset Turnover Denominator: Total Asset Turnover = Total asset turnover Current Year: times 1 Year Ago: times