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 $ 28,190 89,900 112,500 9,078 247,882 $ 487,550 $ 32,952 $ 34,675 62,700 51,500 84,000 60,000 8,650 3,853 232,000 207,372 $ 420,302 $ 357,400 $ 118,972 $ 69,610 $ 46,233 89,826 162,500 116,252 $ 487,550 94,736 77,406 162,500 162,500 93,456 71,261 $ 420,302 $ 357,400 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: 1 Yr Ago $ 500, 159 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 633,815 $ 386,627 196,483 10,775 8,240 602,125 $ 31,690 $ 1.95 $ 325,103 126,540 11,504 7,502 470,649 $ 29,510 $ 1.82 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Comoloto +bic auction by entoring you acWPC in the tobe bolo (2-a) Compute accounts receivable turnover. (2-b) 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 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover 0 times = Current Yr: 1 Yr Ago: 1 0 times Book (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if it improved or worsened in the current year. Hint Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: 1 Days Days' Sales In Inventory Days' sales in inventory X / 0 days Current Yr: 1 Yr Ago: 0 days Hint (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory Required 4A Required 4B > Improved Worsened