(3-a) Compute inventory turnover.

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

Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: 3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute inventory turnover