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, $10 par value Retained earnings Total liabilities and equity $ 28,684 89, 189 114, eee 9,237 235,620 $ 476,641 $ 33,529 $ 33,899 62,100 51,500 85,000 56,800 8,801 3,767 221,467 199,534 $ 410,897 $ 335,702 $ 121,857 $ 70,830 $ 45,199 91,481 162,580 101,683 $ 476,641 96, 396 75,673 162,500 162,500 81,171 52,328 $ 410,897 $ 335,709 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 $ 619,633 $ 488,967 Cost of goods sold $ 377,976 $ 317,829 Other operating expenses 192,886 123,709 Interest expense 10, 534 11,246 Income tax expense 8,055 7,335 Total costs and expenses 588,651 460, 119 Net income $ 38,982 $ 28,848 Earnings per share $ 1.91 $ 1.78 (2-a) 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 Numerator: 1 Choose Denominator: Accounts Receivable Turnover 1 = Accounts receivable turnover Current Yr: times 1 / 1 Yr Ago: = times Complete this question by entering your answers in the tabs below. Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover