1. Compute accounts receivable turnover for the current year and year prior.

2. Compute inventory turnover for the current year and year prior.

3. Compute days' sales in inventory for the current year and year prior.

4. Compute debt and equity ratios for the current year and year prior.

5. Compute debt to equity ratios for the current year and year prior.

6. Compute times interest earned for the current year and year prior.

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,804 89,900 110,500 8,954 243, 708 $ 480,866 $ 32,500 $ 34,200 62,800 51,800 84,000 59,000 8,531 3,800 226,709 203,700 $ 414,540 $ 352,500 $117,341 $ 68,656 $ 45,599 88,595 162,500 112,430 $ 480,866 93,437 76,344 162,500 162,500 89,947 68,057 $ 414,540 $ 352,500 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: 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 $ 625, 126 $ 381,327 193,789 10,627 8,127 593,870 $ 31,256 $ 1.92 1 Yr Ago $ 493,303 $ 320, 647 124,806 11,346 7,400 464,199 $ 29,104 Earnings per share $ 1.79