Income statements for the current year and one year ago follow. Assume that all sales are on credit. 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 $ 510,500 259,434 14,227 10,880 The year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net 1 Year Ago $ 836,885 $ 660,407 $ 429,265 167,083 15,189 9,906 795,041 $ 41,844 $ 2.58 Current Year 1 Year Ago 2 Years Ago 621,443 $ 38,964 $ 2.40 Merchandise inventory Prepaid insurance Equipment, net $ 39,121 89,800 115,000 12,598 387,239 $ 45,729 $ 45,785 62,600 83,000 12,004 351,631 Total assets $ 643,758 $ 554,964 Liabilities and Equity Accounts payable $ 165,105 Notes payable 124,657 Common stock Retained earnings 162,500 191,496 Total liabilities and equity $ 643,758 $ 554,964 $ 96,603 131,471 162,500 164,390 50,200 55,000 5,087 292,928 $ 449,000 $ 61,046 102,206 162,500 $449,000 123,248 Entering answers in the tabs below. Requirement Requirement 2A 2B Compute accounts receivable turnover. Current Year 1 Year Ago Accounts Receivable Turnover Choose Numerator: Choose Denominator: 1 1 Accounts receivable turnover times times. Requirement 2A Requirement 2B > Entering answers in the tabs below. Requirement Requirement 2A 2B Determine if accounts receivable turnover improved or worsened in the curre Accounts receivable turnover < Requirement 2A Requiremen