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 $ 631, 731 $ 385,356 195,837 10,739 8.213 600, 145 $ 31,586 1 yr ago $ 498,515 $ 324,035 126, 124 11, 466 7,478 469,103 $ 29, 412 $ 1.81 $ 1.94 (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. Required 2A Required 2B Compute accounts receivable turnover. Accounts Recolvable Turnover 1 Choose Denominator: Choose Numerator: Accounts Recolvable Turnover Accounts receivable turnover timos Current Yr 1 Yr Ago Required 28 > onnect - To Do As... MindTap - Cengag... MasteringBiology MSIMnet - Assignme... translate-B Saved The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,671 89,900 110,500 9,233 247,643 $ 485,947 $ 33,514 $ 34,561 62,100 52,000 84,000 58,000 8,797 3,840 230,509 200,699 $ 418,920 $ 349,100 $121,001 $ 70,797 $ 46,081 91,358 162,500 111,088 $ 485,947 96,352 77, 151 162,500 162,500 89,271 63,368 $ 418,920 $ 349,100 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales ar For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $ 631,731 $ 385, 356 195,837 10,739 8,213 600, 145 $ 31,586 $ 1.94 1 Yr Ago $ 498,515 $ 324,035 126, 124 11,466 7.478 469,103 $ 29,412 $ 1.81 Earnings per share