O Required information The following information applics 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 Tatal assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Tatal liabilities and equity $ 33,401 89,500 110,500 10,756 321,969 $ 566,126 $ 39,043 $ 40,263 $ 62,900 51,500 83,000 54,00 10, 249 4,474 292,848 256, 363 $ 488,040 $ 406,700 $ 140,965 $ 82,479 $ 53,684 106,432 162,500 156, 229 $ 566,126 112,249 89,881 162,500 162,500 130,812 100,635 $ 488,040 $ 406,700 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 735,964 $ 448,938 228, 149 12,511 9,568 699,166 $ 1 Yr Ago $ 580,768 $ 377,499 146,934 13,358 8,712 546,503 $ 34,265 $ 2.11 36,798 $ 2.26 (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 Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover ! Accounts receivable turnover Current Yr: 1 times 1 Yr Ago: 1 times