[The following information applies to the questions displayed below.] 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 Li abilities 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 $ 31,200 86,400 111,500 10,400 281,000 $ 520, 500 $ 35, 750 61,000 81,000 9,500 251,000 $ 438,250 37,200 49,500 54,500 4, 100 225,000 370, 300 $ $ 130,000 $ 72,250 $ 51, 600 96,000 164,000 130, 500 $ 520, 500 100,000 164,000 102,000 $ 438,250 80,200 164,000 74,500 370, 300 $ 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 Inter est expense Income tax expense Total costs and expenses Current Yr $ 755, 000 $ 453,000 241, 600 11,200 9,450 715, 250 $ 39, 750 $ 2.42 1 Yr Ago $ 600,000 $ 378,000 144,000 12,900 8, 675 543,575 $ 56, 425 $ 3.44 Net income Earnings per share For both the current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Denominator: Choose Numerator: = Total Asset Turnover = Total asset turnover 1 times Current Year: 1 Year Ago: times