er 13 Homework Help so TUWWATED IY hay u. Simon Company's year end balance sheets follow. Current YE 1 X Y $ 25, 847 89,200 111.500 B, 323 207.632 $442.502 at December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plarit anseta, net Total assets Liabilities and quity Accounts payable Long-term notes payable secured by mortgages on plant assets Conson stock, $10 par value Retained earnings Total liabilities and equity $ 30,212 531,471 62.500 52.000 82.500 59.000 2.931 3.497 198, 324 125.132 5 301.467 5.321, 100 $109,081 563,623 S 41.961 82.350 162.500 38,563 5462,502 86,660 70, 253 162.500 162,500 68,284 46,6 $ 381,467 5 321.100 CE 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 Sale Cost of goods sold Other operating expenses Intece penso Income tax expense Total costs and expenses Not incon Current YE $575,255 $ 350,904 178,328 9,779 LA 5453,946 5.295,065 114, 843 10.441 6.309 427.163 $ 26,783 546, 489 $ 28,764 1.77 3 1.65 Earnings per Share 7 6 Next > of 15 E 8 6 of 15 : 7 8 G 3 O bere to search 6 Exercise 13-8 Part 2 an 2 of 4 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year, 33 Gints Complete this question by entering your answers in the tabs below. BOOK Print Required 2A Required 2B References For each ratio, determine if it improved or worsened in the current year.