Check my work 5 Required information The following information applies to the questions displayed below Part 3 of 4 Simon Company's year-end balance sheets follow. 14.28 paints Current yr 1 Y ago 2 yrs ago n l :; ; At December 31 Assets Cash Accounts receivable, nut. Merchandise inventory Prepaid expenses Plant assets, bet Total acacia Liabilities and Equity Accounts payable Tong-termotes payable secured by Torsgagee on plant assets Comece slock, $10 par value Listainad unlays Total liabilities and ecally $ 26,521 $ 33,000 $32,957 90,000 12,600 $1,000 112,500 84,500 53,000 8,541 8,138 3,662 225,841 213,247 202,581 $462,403 $ 399,485 $ 343, 200 cBook $111,926 $ 65,488 43,943 . B4,506 162,500 104,471 $463,403 89,125 73,572 162,50 162,500 82,372 62,185 $ 399,185 $ 143,200 Federerces The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: Por Year Ended Deocaber 31 Sales Cast of gods sold Other operating expenses Interest expense Income Lax expense Total cost and expenses Bet 1 Current Ir $ 502,424 $367,479 186,751 10,241 7,832 572, 203 30,121 $ 1.RS 1 1 Yy ingo $475,387 $ 209,002 120,893 10,934 7,131 447,340 $ 28,043 - 1.73 Barning per sbare (3-a) Compute inventory turnover. (3-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. Mc Graw