Simon Company's year-end balance sheets follow. 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 Current Yr 1 Yr Ago 2 Yrs Ago $ 25, 123 $ 29,366 $ 30,284 89, 200 62,500 50,500 112,000 84,500 50,880 8,090 7,709 3,365 191,400 183,005 171, 751 $425, 813 $367,089 $ 305,900 $106,027 80,853 162,500 77,233 $425, 813 $ 62,037 $ 40,379 84,428 67,684 162,500 162,500 58, 115 35,417 $367,880 $385,980 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 Current Yr 1 Yr Ago Sales $ 553,557 Cost of goods sold $ 436,825 $ 337,670 $ 283,936 Other operating expenses 171,603 Interest expense 110,517 9, 410 10,847 Income tax expense 7,196 6,552 Total costs and expenses 525,879 411,052 Net income $ 27,678 $ 25,773 Earnings per share $ 1.70 $ 1.59 (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. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: 1 Accounts Receivable Turnover Accounts receivable turnover times 1 Current Yr: 1 Yr Ago: times