At December 31 Assets Current Year 1 Year Ago 2 Years Ago $ 38,870 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 33,254 89,300 111,500 10.709 318,858 $ 563,621 $ 140,342 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 105,961 162,500 154,818 $ 563,621 62,500 83,500 10, 203 290,807 $ 485,880 $ 82,114 111,752 162,500 129,514 $ 485,880 $ 40,085 50,400 51,000 4,454 258,961 $ 404,900 $ 53.447 89,483 162,500 99,470 $ 404,900 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Sales Current Year $ 732,707 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 446,951 227, 139 12,456 9,525 1 Year Ago $ 578,197 696,071 $ 36,636 $ 2.25 $ 375,828 146,284 13,299 8,673 544,084 $ 34,113 $ 2.10 Compute accounts receivable turnover. O For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Dequiredba