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 $ 31,600 89,800 112,500 10,650 276,000 $520,55e $_36,500 $ 37,800 61,500 50, 500 83,400 53,500 9,400 4,800 253,500 231,000 $444,300 $ 377,600 $13 , $ 73,000 $ 51,400 95,000 162,000 133,550 $520,550 98,750 81,000 162,000 162,000 110,550 83,200 $444,300 $ 377,600 The company's income statements for the Current Year and 1 Year Ago follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $705,000 $415,950 218,550 12,200 9,400 656, 100 $ 48,900 $ 3.02 1 Yr Ago $ 630,000 $396,900 144,900 12,700 8,600 563.100 $ 66,900 4.13 (2) Total asset turnover. Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover times Current Year: 1 Year Ago: imes