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Required Information [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, $1e par value Retained earnings Total liabilities and equity $ 33, 118 89,900 112,000 18,665 299, 290 3 544,973 $ 38,712 $ 38,759 62,400 51,700 84,500 59,eee 10,162 4,307 274,30 226,334 $ 469,894 $ 380, 100 $ 139,769 $ 81,779 $ 51,678 105,529 162,500 137,175 $ 544,973 111,297 162,500 114,228 $ 469,804 86,522 162,500 79,490 $ 380, 100 The company's Income statements for the Current Year and 1 Year Ago, follow. Assume that all sales $ For Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net nome Current Ye $ 108,465 $ 32,164 219,624 12,044 9, 210 673.042 $ 35.423 1 Yr Ago $ 559,261 363, 394 141,444 12,859 8,386 526,083 $32.984 (2-a) Compute accounts receivable turnover. (2-b) For each ratlo, determine if it Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator Accounts Receivable Turnover Accounts receivable turnover Current Yr: O times 1 Yr Ago: - 0 times Required 2A Required 2B > S Du