Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago: 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 35,118 89,200 114,000 11,309 333,927 $ 583,554 Accounts payable $ 148,211 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 111,902 162,500 160,941 $ 583,554 $ 41,050 62,700 82,500 10,776 306,038 $ 503,064 $ 86,718 118,019 162,500 135,827 $ 503,064 $ 41,503 50,000 55,000 4,611 259,886 $ 411,000 $ 55,337 92,648 162,500 100,515 $ 411,000 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 12,897 Current Year. $ 758,620 1 Year Ago $598,646 $ 462,758 $389,120 235,172 9,862 151,457 13,769 8,980 720,689 $ 37,931 563,326 $35,320 $ 2.33 $2.17 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year.