Question: Compute total asset turnover for the current Year and one year ago. Simon Company's year-end balance sheets follow. at December 31 Current Year ars Aga

Compute total asset turnover for the current Year and one year ago.

Compute total asset turnover for the current Year and one year ago.

Simon Company's year-end balance sheets follow. at December 31 Current Year ars Aga Assets Cash 30. 609 6 . 250 S 37. 200 Accounts receivable, net 86, 600 50 . 060 Merchandise inventory 110, 009 83 . 200 53, 000 Prepaid expenses 20. 900 8 . 353 Plant assets, net 227, 200 Total assets 521 145 , 400 = 372. 200 iabilities and Equity accounts payable S 12 Long-term notes payable 250 600 common stock, s $10 par value 163 3,000 Retained earnings Total liabilities and equity 521 15, 400 208 The company's income statements for the Current Year and 1 Year Ago, follow, Year Ended December 32 CUFFERE Fees, pop 1 Year Age 50. 090 PI goods sold Other or operating expenses 650 interest expense 12 . 100 Income tax expense a. 600 COSTS and expenses 686, 650 505 incom 9 28, 350 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios

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