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Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 4 Current Yel Yr Ago 2 yrs ago

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Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 4 Current Yel 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, 610 par value Retained earnings Total liabilities and equity $ 26,796 89, 400 110,500 8,629 223, 438 6458,763 31, 322 32,628 62,800 50,900 82,500 54,000 8,222 3,625 210, 641 191, 747 $ 395,485 332,900 k $113,090 666,169643, 503 - 1000 85,385 162,500 97,700 4450, 763 90,052 72,835 162,500 162,500 76,764 56,062 6395, 485332,900 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 Earnings per share Current Y $ 596,392 $ 363, 799 184,882 10,139 7,753 566, 573 $ 29, 819 6 1.84 1 yr ago $ 470, 627 $ 305, 908 119,069 10,824 7,059 442,860 627, 767 1.71 (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 28 Compute accounts receivable turnover. Choose Numerator: Accounts Receivable Turnover Choose Denominator COG Current Yr: 1 Yr Ago: Accounts Receivable Turnover Accounts receivable turnover times times Required 28 > (2-a) Compute accounts receivable tumover. (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 For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover

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