Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 24,786 $ 28,973 $ 29,878 Accounts receivable, net 89, 100 62,880 51,900 Merchandise inventory 112,500 84,500 57.000 Prepaid expenses 7,982 7,605 3,320 Total assets $420, 106 $362, 160 $ 301,800 Liabilities and Equity Accounts payable $104,606 $ 61,205539,838 Long-term notes payable secured by mortgages on plant assets 78,980 83,297 66,698 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 74,920 55, 158 32 764 Total liabilities and equity $420, 106 $362, 160 $ 301,800 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 current Yr 1 yr ago Sales 5.546, 138 Cost of goods sold $333, 114 5430,970 $ 280, 131 Other operating expenses 169, 303 189,835 Interest expense 9,284 9.912 Income tax expense 7100 Total costs and expenses 118,631 40,543 Net Income Earnings per share 1.56 (2) Compute accounts receivable turnover (2-6) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Denominator: Choose Numerator Accounts Receivable Turnover Accounts receivable turnover O times O times Current Yr 1 Yr Ago: Required 20 >