Answer Happy

Line tollowing information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,000 86,200 110,500 10,350 281,000 $ 519,050 $ 35,250 61,000 81,000 9,200 249,500 $ 435,950 $ 37,400 49,000 52,500 4,300 234,000 $ 377,200 $ 128,800 97,500 161,500 131,250 $ 519,050 $ 74,000 101,000 161,500 99,450 $ 435,950 $ 50,200 81,400 161,500 84,100 $ 377,200 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 Interest expense Income tax expense Total costs and expenses Current Year $ 775,000 $ 480,500 248,000 11,200 9,500 749, 200 1 Year Ago $ 620,000 390,600 142,600 12,500 8,525 554,225
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 Interest expense Income tax expense Total costs and expenses Current Year $ 775,000 $ 480,500 248,080 11,280 9, 580 749, 280 $ 25,800 1 Year Ago $ 620,000 $ 390,689 142, 680 12,500 8,525 554, 225 $ 85,725 Net income Earnings per share 07 For both the Current Year and 1 Year Ago, compute the following ratios: Compute total asset turnover for the current year and one year ago.
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. Total Asset Tumover Numerator: Denominator: Total Asset Tumover Total asset turnover Current Year: times 1 Year Ago: imes