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 $ 29,878 89,600 112,500 9,622 275,144 $516,744 $ 34,925 $ 36,751 63,000 51,200 84,000 51,000 9,168 4,083 254,376 235, 766 $ 445, 469 $ 378, 800 $126,096 $ 73, 779 $ 49,002 95,205 162,500 132, 949 $516,744 100, 409 82, 041 162,500 162,500 108,792 85,257 $ 445, 469 $ 378, 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 Sales Cost of goods sold Other operating expenses Interest expense Current Y $.674,767 53.409,778 208,248 12,420 1 yr ago $530,100 5.344,570 134117 12.192 Interest expense Income tax expense Total costs and expenses 11, 420 B, 733 12, 192 7, 952 638,179 $ 33,588 Net income 498,831 $ 31,277 $ 1.92 Earnings per share 2.07 (3-a) Compute inventory turnover. (3-6) 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 3A Required 30 Compute inventory turnover. Inventory Turnover Choose Denominator Choose Numerator Inventory Turnover Inventory tumor Current Ye 1 Y Ago times times