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. Common stock, $10 par value Retained earnings Total liabilities and equity Current Ye 1 Ye Ago 2 Yrs Ago $ 32,938 89,300 $ 38,501 $ 40,106 62,600 51,800 111,000 10,607 320,066 $ 486,130 $ 409,200 82,500 10,107 59,000 4,456 292,422 253,838 $ 563,911 $ 139,010 104,955 162,500 157,446 $ 81,334 $ 53,474 110,692 89,529 162,500 162,500 131,604 103,697 $ 563,911 486,130 $409, 200 The company's Income statements for the current year and one year ago follow. Assume that all sa 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 (3-a) Compute Inventory turnover. Current Yr $ 733,084 1 Yr Ago $ 578,495 $ 447,181 227,256 12,462 9,530 $ 376,022 146,359 13,305 8,677 696,429 544,363 $ 36,655 $ 34,132 $ 2.26 $ 2.10 (3-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by enteri Required 3A Required 3B Compute inventory turnover. Current Yr: 1 Yr Ago: Inventory Turnover Choose Numerator: Choose Denominator: Inventory Turnover Inventory turnover times times Required 3A Required 3B > Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover