Required Information (The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Yr Ago 2 Yrs Ago At December 31 Asseto Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets. Det Total aseta Liabilities and Equity Accounts payable Tong-term notes payable secured by mortgages on plant assets Common stock, 010 par value Retained warnings Total liabilities and equity $ 31,800 89.500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50, 200 82,500 54,000 9.375 5,000 255,000 230, 500 $ 445,000 $ 377,500 $ 129,900 $ 75,250 $ 51,250 98,500 163,500 131, 100 $ 523,000 101,500 83,500 163,500 163,500 104,750 79,250 $ 445,000 $ 377,500 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 Sales Coat of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Ye $673,500 $411,225 209,550 12,100 9,525 642,400 $ 31.100 Ye Ago $532,000 9345,500 134,980 13,300 502,625 $ 29,375 (2-a) Compute accounts recelvable turnover. (2-6) 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 recelvable turnover. Accounts Receivable Turnover Choose Denominator: Choose Numerator: Accounts Receivablo Turnover Accounts receivable tumover times times Current Yr: 1 Yr Ago: Itaque Required 28 > (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 For each ratio, determine if it Improved or worsened in the current year. Accounts receivable mover