Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow, Current Yu 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asseto Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common atack, 510 par value Retained earnings Total liabilities and equity $ 30,538 89, 300 111,000 9,934 266,779 $507, 151 $ 35,697 $ 36,090 62,300 52.000 a3,000 52,000 9,370 1.010 247,092 213,300 $ 137, 158 0357. 400 $128.002 $ 75,10 48,120 97,309 162,500 18.760 $807.451 102,628 20, 565 162,500 162,500 96,921 66,215 437,458 357,400 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: YE Ago $520,575 # 338,374 131.705 Yor Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expens Bet Inc Earnings pet share Current 659, 606 402,100 204.503 11,215 3.576 626702 32,984 $2.03 ,ii 2009 489,6 30, 713 $ 1.09 (3-0) Compute inventory turnover. (3-6) For each ratio, determine if it improved or worsened in the current year, Complete this question by entering your answers in the tabs below. Rewed 3A Required Compute inventory turnover Choose Denominator Inventory Turnover very tumor Current Yet 1 Y. Ago Required)