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 Current Year 1 Year Ago 2 Years Ago $ 34,548 89,200 114,000 11,125 348,629 $ 597,502 110,084 162,500 179,116 Accounts payable $ 145,802 Long-term notes payable. Common stock, $10 par value Retained earnings Total liabilities and equity $ 597,502 $ 40,383 63,000 $ 42,495 84,500 51,800 58,000 10,601 316,684 $ 515,088 $ 85,309 116,101 162,500 151,178 $ 515,088 4,722 280,983 $ 438,000 $ 56,660 94,862 162,500 123,978 $ 438,000 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 $ 776,753 1 Year Ago $ 612,955 $ 473,819 240,793 13,205 10,098 $ 398,421 155,078 14,098 9,194 737,915 576,791 $ 36,164 $ 38,838 $ 2.39 $2.23 (2-8) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Required 2A Required 2B Compute accounts receivable turnover. Current Year: 1 Year Ago: Numerator Accounts Receivable Turnover Denominator: M Accounts Receivable Turnover Required 2A Required 28 > Accounts receivable turnover times times Complete this question by entering your answers in the tabs below. Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover