Required Information

$[$The following information applles to the questions displayed below.$]$

SImon Company's year$-$end balance sheets follow.

The company$$s Income statements for the current year and one year ago follow. Assume that all sales are on

credit:

$(3-$a$)$ Compute Inventory turnover.

$(3-$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.

Compute inventory turnover.