Chiny won Simon Company's year-end balance sheets follow. Current Year 1 Year A 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 Common stock, $10 par value Retained earnings Total Habilities and equity $ 29,90 89,900 114,600 9,368 250, 683 $493,46 $ 34,00 62,500 84,500 8,926 234.811 $425,000 $ 35,066 51,900 56, 3,896 207,338 $ 354,200 $ 122,768 92,693 162,500 115.085 $493,046 $ 71,832 97,759 162,500 92,949 $ 425,4 $ 46.754 78,278 162,500 56.660 $ 354,100 The company's income statements for the current year and one year ago follow. Assume that all sales are on credits 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 $ 390,985 198,898 10,896 23 6912 $ 32,043 5 1.97 1 Year 189 5 sas, 790 $328,769 127,967 11,633 2.587 475,956 $ 29,042 $ 1.04 Required information WICH (3-6) For each ratio, determine if it improved or worsened in the current year, Part 3 of 4 Complete this question by entering your answers in the tabs below. 2.14 points Required 3A Required 38 Stoped Compute Inventory turnover. Book Inventory Turnover Denominator: Numerator Print Inventory Turnover Inventory turnover times times eferences Current Yr 1 Yr Ago: Required 38 >