Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30.600 B9.300 110.500 10.700 277,000 $518, 100 $ 35,750 $ 38, 600 63.500 50.000 81.000 54,500 9.200 5 ,400 251,000 232,000 $440, 450 $ 380,500 $128,800 $ 72,250 $ 50, 600 97.500 161,000 130,800 $518,100 101,750 B3,600 161.000 161.000 105, 450 85, 300 $440,450 $ 300, 500 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 Current Yr $755,000 $460,550 234,050 12,200 9.400 716,200 $ 38,800 1 Yr Ago $ 600,000 $378,000 138.000 13,200 8.675 537,875 $ 62,125 $ 3.86 Earnings per share $ 2.41 For both the current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: = Total Asset Turnover Total asset turnover times Current Year: 1 Year Ago: times