[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Current Year 1 Year Ago 2 Years Ago $31,600 $ 36,000 $38,200 Merchandise inventory Plant assets, net Accounts receivable, net Prepaid expenses 87,600 61,500 50,500 111,500 83,000 52,500 10,400 9,300 4,800 281,000 253,500 Total assets Liabilities and Equity $ 522,100 $ 443,300 231,000 $377,000 Accounts payable $ 129,600 $ 72,250 $51,200 Long-term notes payable 96,500 98,250 80,400 Common stock, $10 par value 161,500 161,500 161,500 Retained earnings 134,500 111,300 83,900 Total liabilities and equity $ 522,100 $ 443,300 $377,000 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Year Ago For Year Ended December 31 Sales Cost of goods sold Current Year $420,500 Other operating expenses 224,750 $725,000 $346,500 132,000 Interest expense 12,100 12,900 Income tax expense 9,500 9,000 Total costs and expenses 666,850 Net income $ 58,150 Earnings per share $3.60 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. Current Year: 1 Year Ago: Total Asset Turnover Numerator: Denominator: $550,000 500,400 $ 49,600 $3.07 Total Asset Turnover Total asset turnover times times