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Simon Company's year-end balance sheets follow. 7 Current Yr 1 Yr Ago 2 Yrs Ago Part 2 of 3 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 $ 31,200 88,400 111,000 10,550 277,000 $518,150 $ 35,250 $ 37,000 61,500 50,500 80,800 54,000 9, 250 4,300 253,000 234,000 $ 439,800 $ 379,800 3.5 points $130,000 $ 75,250 $ 51,200 X 03.0215 95,000 162,500 130,650 $518, 150 101,000 83,600 162,500 162,500 101,050 82,500 $439,800 $ 379,800 Skipped The company's income statements for the Current Year and 1 Year Ago, follow. eBook 1 Yr Ago $ 600,000 $384,000 138,000 References 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 $ 725,000 $ 449,500 232,000 12,000 9,400 702,900 $ 22,100 13,000 8,725 543,725 $ 56,275 Earnings per share $ 1.36 $ 3.46 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 Asset Turnover = Total asset turnover Current Year: times 1 Year Ago: 1 = times

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