(The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Y 1 YA 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 martrages on plant assets Common stock, sie par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10,700 278,500 $523,000 $ 35,625 $37,808 62,500 50,280 82,500 54,000 9,375 5,000 255,000 230, See $445,000 $377,500 $129,900 $ 75,250 $ 51,250 98,500 163,500 131, 100 5523,000 181,500 83,580 163,500 163,500 184,750 79.25e $445,000 5 377,500 The company's income statements for the current year and 1 year ago, follow Hele UH | | | | |-- H La# L 4 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98, see 163,500 131, 100 5523, Bee 181,500 83; See 163,500 163, 580 184,750 79,25e $445, eee 5 377,500 The company's income statements for the current year and 1 year ago Follow Age $ 532.ee 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 yn $673,50 $411,225 209,550 12, 100 9,525 642,480 $ 31, 12 1.9 $345,500 134,9 13,300 8,845 582,625 $ 29,375 5 1.80 For both the Current Year and 1 Year Ago, compute the following ratios 2) Total asset turnover Saved 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 assot tumove Current Year: 1 Year Ago