(2-a) Compute accounts receive turnover (2-6) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. A 28 Computer accounts receivable turnover Account Receivable Tender Choose Denominator Choose Numerator - Accounts Receivable Tumover Accounts receivable Current Yr 1 Yr Ago Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Y 1 Yr Ago 2 Yrs Ago $ 25, 284 $ 29,555 $ 30,177 89.580 62,800 50,700 112.500 B4.500 55,000 8,142 7,758 3,353 188,881 181.169 162,57 $424,307 $365,782 5.301,880 $106,709 B0,567 162,500 74,531 $424,387 3 62,435 $ 40,236 84,971 67,365 162,590 162,500 55,876 31,699 $365,782 $ 301,300 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all soles are on credit For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 551,599 $ 435,281 Cost of goods sold $ 336,475 $ 282,933 Other operating expenses 178,996 110,126 Interest expense 9,377 18,011 Income tax expense 7,171 6,529 Total costs and expenses 524,019 409,599 Net income $ 27,580 $ 25,682 Earnings per share 1.70 $ 1.58 $