Check my work Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 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 Connon stock, 510 par value Retained earnings Total liabilities and equity $ 29, ege 89,900 114.000 9,368 250, 688 $493,046 $ 34,003 62,600 04,500 8,926 234,811 $425,00 $ 35,066 51,900 56.000 3,896 207,338 $ 354,200 5122,768 92,693 162,500 115 ees $493,046 $ 71,832 97,759 162,500 $ 46,754 78,278 162,500 66,666 $ 354,200 $ 425,040 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 Cost of goods sold other operating expenses Interest expense Income tax expense Totalcoats and expenses Net Income Earnings per share Current Year $ 640,960 5.390,956 198,698 10.096 8.332 608,912 $ 32,048 5.1.97 1 Year 18 $ 505,798 $ 328,769 127,962 11,633 7.587 475956 $ 29,842 cum Check my work 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 Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Current Year $ 640,960 $ 390,950 198,698 10,895 B332 608,912 $32.648 5 1.92 1 Year Ago 5 505,798 $ 328,769 127,967 11.633 7.567 45.255 5 29,542 $ 1.4 (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. Eguned 2A Required 20 Compute accounts recevable turnover. Accounts Receivable Turner (2-6) 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 Denominator: Numerator: Accounts Receivable Turnover Accounts receivable turnover times Current Yr: 1 Yr Ago: times Required 2B> CO