Seved The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Curront YE 1 Yr Ago 2 Yes Ago 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 per Retained earnings Total liabilities and equity $ 35,060 89,600 115,000 11,291 343, 294 $594,245 $ 40.982 $ 42,263 62,500 50,700 83,500 56,000 10,758 4,696 314.540 273,241 $ 512,280 S 426.900 $147.967 $ 86,575 $ 56,351 111,718 162,500 172,060 $594,245 117.824 94,345 162,500 162,500 145,381 113,704 $ 512,280 $426,900 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 ober operating expenses Interest expense Incote tax expense Total Coats and expenses Net incon warnings per share Current Yr $ 772,519 $ 471,237 239,481 13,133 10,043 1 Yago $ 609,613 $ 396,248 154,232 14.021 9.144 573,645 $ 35,968 2.21 $ 38,625 $ 2.38 (3-a) Compute inventory turnover (3-6) For each ratio, determine if it improved or worsened in the current year 90 OL 2 3 4 5 6 7 8 9. Print Compute inventory turnover. Inventory. Turnover Choose Numerator, Choose Denominator ferences Inventory Turnover Inventory turnover O times Current Yr: 1 Yr Ago: Otimos