Simon Company's year-end balance sheets follow AL December 31 Current Year 1 Year Ago 12 Years Auto Assets Cash $ 32,051 $ 37,464 $ 37,878 Accounts receivable, net 89,500 62,100 5e, 100 Merchandise inventory 114,500 83,000 59,000 Prepaid expenses 10,321 9,834 4,209 Plant assets, net 286,210 266,724 223,913 Total assets, $ 532,582 $ 459,122 5 375, 100 Liabilities and Equity Accounts payable $ 135,265 $ 79,143 $ 50,503 Long-term notes payable 102,128 107, 710 84,555 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 132,689 109,769 77,542 Total liabilities and equity $ 532,582 5.459,122 $ 375, 100 The company's income statements for the current year and one 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 Year $ 692,357 $ 422,338 214,631 11,778 9,001 657,740 $ 34,617 $ 2.13 1 Year Ago $ 546,355 $ 355,131 138,228 12,566 8,195 514, 120 $ 32,235 $ 1.98 Exercise 13-8 (Algo) Part 2 [Alternate Version) (2-6) Compute accounts receivable turnover (2-b) For each roto, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Denominator: Numerator Accounts Receivable Turnover Accounts receivable turnover times times Current Year 1 Year Ago: Red 2A Required 28 )