[The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	31,200			$	36,250		$	37,600
Accounts receivable, net			86,300				63,000			50,000
Merchandise inventory			113,000				84,000			52,500
Prepaid expenses			10,350				9,350			5,400
Plant assets, net			276,000				256,500			232,000
Total assets		$	516,850			$	449,100		$	377,500
Liabilities and Equity
Accounts payable		$	129,200			$	73,000		$	50,000
Long-term notes payable secured by mortgages on plant assets			96,000				101,500			82,200
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			129,150				112,100			82,800
Total liabilities and equity		$	516,850			$	449,100		$	377,500

The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	725,000					$	540,000
Cost of goods sold	$	442,250					$	334,800
Other operating expenses		224,750						124,200
Interest expense		11,900						13,200
Income tax expense		9,600						8,525
Total costs and expenses					688,500						480,725
Net income				$	36,500					$	59,275
Earnings per share				$	2.25					$	3.65

For both the Current Year and 1 Year Ago, compute the following ratios:

(2) Total asset turnover.

224,750 11,900 9,600 124, 200 13,200 8,525 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 688,500 $ 36,500 $ 2.25 480, 725 $ 59,275 $ 3.65 Part 2 of 3 For both the Current Year and 1 Year Ago, compute the following ratios: 2.14 points (2) Total asset turnover. Answer is complete but not entirely correct. = Total Asset Turnover Choose Numerator: Choose Denominator: Net income 1 Average total assets 36,500 $ 482,975 59,275 / $ 413,300 Total Asset Turnover Total asset turnover 0.1 times 0.1 times Current Year: 1 Year Ago