Current Yr 1 Yr Ago 2 Yrs Ago Simon Company's year-end balance sheets follow. 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 $ 32,263 89, 100 114,500 10,390 295, 167 $ 541,420 $ 37,713 $ 38,506 62,700 50,900 83,500 56, eee 9,900 4,278 272,928 235,416 $ 466,741 $ 385,100 $ 136,162 $ 79,668 $ 51,342 102,805 162,500 139,953 $ 541,420 108,424 85,958 162,500 162,5ee 116,149 85,300 $ 466,741 $ 385,100 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sale For Year Ended December 31 Sales Current Yr $ 703, 846 1 Yr Ago $ 555, 422 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on 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 $ 703,846 $ 429,346 218,192 11,965 9,150 668,653 $ 35,193 $ 2.17 1 Yr Ago $ 555,422 $361,024 148,522 12,775 8,331 522,652 $ 32,778 $ 2.02 Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator: 1 Accounts Receivable Turnover Accounts receivable turnover times Current Yr: 1 1 Yr Ago: 7 = times Complete this question by entering your answers in the tabs below. Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year Accounts receivable turnover