Simon Companys year-end balance sheets follow.

(3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year.

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 $ 27,045 89,200 113,000 8,709 220,432 $ 458, 386 $ 31,613 $ 32,601 62,400 51,800 83,000 57,000 8,298 3,622 209,849 184,277 $ 395,160 $ 329,300 $ 114,138 $ 66,782 $ 43,468 86,177 162,500 95,571 $ 458, 386 90,887 72,775 162,500 162,500 74,991 50,557 $ 395,160 $ 329,300 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 Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 595,902 $ 353,500 184,730 10, 130 7,747 566,107 $ 29,795 $ 1.83 1 Yr Ago $ 470,240 $ 305,656 118,971 10,816 7,054 442,497 $ 27,743 $ 1.71 (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 3B Compute inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover 1 Current Yr: 1 Yr Ago: times times = (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 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover