6 Prof 138 points Seppen Assets C Simon Company's year-end balance sheets follow Current W 5 31,400 $ 25,425 $ 37,000 112,100 10,700 2,50 9.375 255.000 10,200 54,000 3 445,000 5 377,500 Accounts receivable, net Herchandise Inventory Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by wortgages on plant assets Common stock, $10 par value Betaled earnings Total liabilities and equity $525,000 $129,50 163,500 131,108 $75,2585 $1,250 101,100 3,500 70.250 103,500 163,500 104,758 1 445,000 $377,500 The company's income statements for the Current Year and 1 Year Ago, follow Assume that all sales are on credit Sales Cost of goods sele operating expenses Other Interest expense x total costs and expenses Net income Current 1473,100 $345,500 134,086 12,100 525 13,300 8,84 642,400 $33,100 58,625 $ 39,376 Sarnings per share $ 1.00 (3-a) Compute inventory turnover (3-b) For each ratio, determine if it improved or worsened in the current year. Check my 6 Prof 138 points Seppen Assets C Simon Company's year-end balance sheets follow Current W 5 31,400 $ 25,425 $ 37,000 112,100 10,700 2,50 9.375 255.000 10,200 54,000 3 445,000 5 377,500 Accounts receivable, net Herchandise Inventory Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by wortgages on plant assets Common stock, $10 par value Betaled earnings Total liabilities and equity $525,000 $129,50 163,500 131,108 $75,2585 $1,250 101,100 3,500 70.250 103,500 163,500 104,758 1 445,000 $377,500 The company's income statements for the Current Year and 1 Year Ago, follow Assume that all sales are on credit Sales Cost of goods sele operating expenses Other Interest expense x total costs and expenses Net income Current 1473,100 $345,500 134,086 12,100 525 13,300 8,84 642,400 $33,100 58,625 $ 39,376 Sarnings per share $ 1.00 (3-a) Compute inventory turnover (3-b) For each ratio, determine if it improved or worsened in the current year. Check my