Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 96,889 160,589 133,650 $519,350 98,750 83,280 160, see 16e, see 186,388 82,100 $439,750 $ 376,689 The company's Income statements for the Current Year and 1 Year Ago, follow. 1 YAO SSRO.se For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Niet inconte Earnings per share Current Yr $745,888 $447,880 238,950 11,180 9,55e 698.600 $371,200 139, 2ee 12, see 8,775 531.975 $ 46.400 $ 48.025 $ 2.99 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 To asset turnover et sales Current Year 745.000 580.000 1 Year Ago