Required information

[The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	35,819			$	41,869		$	42,331
Accounts receivable, net			89,600				62,300			51,000
Merchandise inventory			113,500				84,000			52,000
Prepaid expenses			11,535				10,991			4,703
Plant assets, net			344,743				313,941			269,166
Total assets		$	595,197			$	513,101		$	419,200
Liabilities and Equity
Accounts payable		$	151,168			$	88,448		$	56,441
Long-term notes payable secured by mortgages on plant assets			114,135				120,373			94,496
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			167,394				141,780			105,763
Total liabilities and equity		$	595,197			$	513,101		$	419,200

The companys income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit:

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	773,756					$	610,590
Cost of goods sold	$	471,991					$	396,884
Other operating expenses		239,864						154,479
Interest expense		13,154						14,044
Income tax expense		10,059						9,159
Total costs and expenses					735,068						574,566
Net income				$	38,688					$	36,024
Earnings per share				$	2.38					$	2.22

Earnings per share $ 2.38 $ 2.22 Part 2 of 4 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. 2.14 points Complete this question by entering your answers in the tabs below. eBook Required 2A Required 2B Hint Compute accounts receivable turnover. Print References Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable tumover times Current Yr: 1 Yr Ago: times Required 2A Required 2B >