(2-a)Compute accounts receivable turnover.

(2-b)For each ratio, determine if it improved or worsened in the current year.

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 27,151 $ 32,451 $ 32,3B Accounts receivable, net 39.368 62.?63 56.3 Merchandise inventory 113,533 82, 53,3 Prepaid expenses 3.943 8,513 3.645 Plant assets. net 221,595 212,939 135.14? Total assets $461,336 $ 397,533 $ 324,9 Liabilities and Equity Accounts payable $11?.152 $ 53,552 $ 43,145 Long-term notes payable secured by mortgages on plant assets 38,453 93,295 i3,239 Common stock. $13 par value 162.593 162.563 152,5oa Retained earnings 93.134 i3.331 45,416 Total liabilities and equity $451.395 $ 397.513 $ 324.93 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 Current Yr 1 Yr Ago Sales $ 599,693 $ 4?3,23? Cost of goods sold $ 35,31o $ 33?,4 Other operating expenses 135,93o 119,129 Interest expense l,195 16,334 Income tax expense ?,?96 ?,699 Total costs and expenses 559;?13 445.315 Net income $ 291935 $ 27.921 Earnings per share $ 1.35 $ 1.?2 Complete this question by entering your answers in the tabs below. Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover Current Yr: times 1 Yr Ago: times