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 $ 32,439 $ 37,918 $ 38,716 89, 100 62,200 50,400 111,500 82,500 58,000 10,446 9,954 4,302 300,887 276,714 235, 782 $544,372 $ 469,286 $ 387,200 $136,904 $ 80,102 $ 51,622 103,365 162,500 141,603 $544,372 109, 015 86,427 162,500 162,500 117,669 86,651 $ 469,286 $ 387,200 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are or 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 $ 707,684 $ 431,687 219, 382 12,031 9,200 672,300 $ 35,384 2.18 1 Yr Ago $ 558,450 $ 362,993 141, 288 12,844 8,377 525,502 $ 32,948 $ 2.03 Earnings per share $ 2.18 $2.03 (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 2B Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: = Accounts Receivable Turnover Accounts receivable turnover Current Yr: 1 Yr Ago: times times Required 2A Required 2B > piovu UlWisereu lll lile 2.5 points Complete this question by entering your answers in the ta Skipped Required 2A Required 2B eBook For each ratio, determine if it improved or worsened in the current References Accounts receivable turnover quired 2A Improved Worsened