4 Part 2 of 4 14.28 T Book Hist Prive Required information (The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow At December 1 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 References Common stock, $10 par value Retained earnings Total liabilities and equity Gerent W $31,46 $ 36,604 538,979 43,000 112,000 10,101 90,500 57,000 305,196 9,624 229,13 255,090 $540,063 $133,374 99,945 362,500 153,244 $540,063 127,18 104,416 $472,448 $45,000 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 Current $ 712,42 $ 434,614 $365,454 Help Save & Exh Sulmet 4 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 Part 2 of 4 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Incone Earnings per share 14.28 points elook Hint Prim Refer Current W $717,482 $562,337 $ 434,614 365,454 220,69 143,246 12,112 9,262 12,931 4M 626,857 529,065 (2-0) Compute accounts receivable turnover (2-b) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 2A Required 20 $ 2.04 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator Choose Denominator Accounts Receivable Tumover Help Save & Exit Subm tof 41 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Book Required 2A Required 28 Compute accounts receivable turnover. int Accounts Receivable Turnover rences Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable humor times Current Yr: 1 Yr Ago: times Required 28 > 4 Part 2 of 4 14.28 points CBOOK H Net Income Earnings per share 676,857 $ 35,625 2.19 (2-a) Compute accounts receivable turnover (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required B For each ratio, determine if it improved or worsened in the current year. Print Accounts receivable turnover References