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Required information [The following information opplies to the questions displayed below] Simon Company's year-end balance sheets follow. The company's income stotements for the current year

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Required information [The following information opplies to the questions displayed below] Simon Company's year-end balance sheets follow. The company's income stotements for the current year and one year ago follow. Assume that all sales are on credit: (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. Compute accounts receivable turnover. (2-a) Compute accounts recelvable 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. For each ratio, determine if it improved or worsened in the current year

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