Simon Company's year-end balance sheets follow. current Yr 1 Yr Ago 2 Yrs ABO 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 $ 31,800 89,500 112,500 10.700 278,500 $523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230,500 $445,000 $377,500 $129,900 $ 75,250 $ 51,250 98,500 163,500 131, 100 $523,000 101,5ee 83,500 163,500 163,500 184,750 79, 250 $445,000 $377,500 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 The dance Current Yr $ 673,500 $ 411, 225 209,550 12180 9,525 1 Yr Ago $ 532,000 $345.500 134,980 13300 8,845 sa 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 $673,500 $411,225 209,550 12,100 9,525 642,400 $ 31,100 1 Yr Aga $ 532,000 $345,500 134,980 13,300 8,845 502,625 $ 29,375 Earnings per share $ 1.90 $ 1.80 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total AssetTurnover Choose Denominator Choose Numerator Total Asset Turnover Total asset turnover times 11 Current Year: times TI 1 Year Ano (2) Total asset turnover. Total Assel Turnover Choose Numerator: Choose Denominator: Total Asset Turnover 1 Total asset turnover 1 1 times Current Year: 1 Year Ago: 11 times