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 Connon stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 31,988 $ 35,625 $ 37,888 89,580 62,500 50,200 112,500 82,500 54, eee 10,700 9,375 5.688 278,588 255, eee 238,500 $ 523,eee $ 445,eee $ 377,588 $ 129,900 $ 75,250 $ 51,250 98,500 163,500 131, 180 $ 523,eee 181,500 83,500 163,500 163,588 184,75 79,250 $ 445,200 $ 377,500 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 673,500 $411, 225 289,55 12,180 9,525 642,400 $ 31,100 1 Yr Ago $ 532,eee $ 345,500 134,980 13, 380 8,845 502,625 $ 29, 375 $ 1.80 $ 1.90 (2-a) Compute accounts receivable turnover. (2-6) For each ratio, determine if it Improved or worsened in the current year. Complete this question by entering your answers in the tabs below. (2-a) Compute accounts receivable turnover. (2-6) 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 >