Check my work 5 Required information [The following information applies to the questions displayed below.] Part 2 of 2 Simon Company's year-end balance sheets follow. 14.28 points At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 29,428 $ 34,398 $ 34,778 89,500 62,200 50,000 112,000 83,000 59,000 9,477 9,630 3,864 248,588 232,918 196,758 $488,993 $ 421,546 $ 344,400 eBook $124,194 $ 72,666 $ 46,370 Hint 93,769 98,895 77,635 162,500 162,500 162,500 108,530 87,485 57,895 $488,993 $ 421,546 $ 344,400 Print References 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 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 635, 691 $ 387,772 197,064 10,807 8,264 603,907 $ 31,784 $ 1.96 1 Yr Ago $ 501, 640 $ 326,066 126,915 11,538 7,525 472,044 $ 29,596 $ 1.82 (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 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: = 1 Choose Denominator: 1 Accounts Receivable Turnover Accounts receivable tumover times 1 Current Yr: 1 Yr Ago: / times