Simon Company's year-end balance sheets follow. At December 31 Assets Cash Current Year 1 Year Ago 2 Years Ago 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 $ 30,872 89,100 111,500 9,942 271,574 $ 512,988 $ 130,289 98,371 162,500 121,828 $ 512,988 $ 36,086 62,300 83,000 9,473 251 372 $442,231 $ 76,232 103,747 162,500 199,752 $442,231 $ 36,484 50,300 58,000 4,054 212,462 $ 361,300 $ 48,645 81,444 162,500 68,711 $ 361,300 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 Current Year $ 666,884 $ 406,799 206,734 11,337 8,669 1 Year Ago $ 526,255 $ 33,345 $ 342,066 133,143 12,104 7,894 633,539 495,207 $ 31,048 Net income Earnings per share $ 2.05 (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 $ 1.91