Current Yr 1 Yr Ago 2 Yrs 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 liabilities and equity $ 29,823 89,500 111,500 9,604 275,362 $515,789 $ 34,860 $ 36,683 62,000 52,000 84,000 53,000 9,151 4,076 254,635 232, 341 $ 444,646 $ 378,100 $125,863 95,029 162,500 132,397 $515,789 $ 73,642 $ 48,911 100, 223 81,889 162,500 162,500 108,281 84,800 $ 444,646 $ 378, 100 The company's income statements for the current year and one year ago follow. Assume that all 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 $ 670,526 $ 409,021 207,863 11,399 8,717 I 637,000 $ 33,526 1 Yr Ago $ 529,129 $ 343,934 133,870 12,170 7,937 497,911 $ 31,218 $ 2.06 $ 1.92 Compute accounts receivable turnover. For each ratio, determine if it improved or worsened in the current year. omplete this question by entering your answers in the tabs below. uired 2A Required 2B mpute accounts receivable turnover. Choose Numerator: Accounts Receivable Turnover 1 Choose Denominator: Accounts Recelvat Anh