Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ao 2 Years Ago Assets Cash $ 32,051 $ 37,464 $ 37,878 Accounts receivable, net 89,500 62,100 50, 100 Merchandise inventory 114,500 83,090 59,000 Prepaid expenses 10,321 9,834 4,209 Plant assets, net 286,210 266,724 223,913 Total assets $ 532,582 $ 459,122 $ 375,180 Liabilities and Equity Accounts payable $ 135,265 $ 79,143 $ 50,503 Long-term notes payable 102,128 107, 710 84,555 Common stock, 510 par value 162,500 162,500 162,500 Retained earnings 132,689 109,769 77 542 Total liabilities and equity $ 532,582 $ 459,122 $ 375, 100 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 Current Year 1 Year Ago Sales $ 692,357 5 546,355 Cost of goods sold 5.422,338 $ 355,131 Other operating expenses 214,631 138,228 Interest expense 11,778 12,566 Income tax expense 9,001 8,195 Total costs and expenses 657,740 514,120 Net Income $ 34,617 $ 32,235 Earnings per share $ 2.13 $ 1.98 (3-a) Compute inventory turnover. (3-6) 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 3A Required 33 Compute Inventory turnover. Inventory Tumover Denominator: Numerator Inventory Tumover Inventory tumover times 1 Current Year: 1 Year Ago: times