Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	31,461			$	36,775		$	37,181
Accounts receivable, net			89,200				62,500			51,900
Merchandise inventory			110,000				84,000			60,000
Prepaid expenses			10,132				9,654			4,131
Plant assets, net			281,992				257,748			214,988
Total assets		$	522,785			$	450,677		$	368,200
Liabilities and Equity
Accounts payable		$	132,777			$	77,688		$	49,574
Long-term notes payable secured by mortgages on plant assets			100,249				105,729			83,000
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			127,259				104,760			73,126
Total liabilities and equity		$	522,785			$	450,677		$	368,200

The companys income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit:

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	679,621					$	536,306
Cost of goods sold	$	414,569					$	348,599
Other operating expenses		210,683						135,685
Interest expense		11,554						12,335
Income tax expense		8,835						8,045
Total costs and expenses					645,641						504,664
Net income				$	33,980					$	31,642
Earnings per share				$	2.09					$	1.95

(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year.

Compute accounts receivable turnover.

Accounts Receivable Turnover
	Choose Numerator:	/	Choose Denominator:	=	Accounts Receivable Turnover
		/		=	Accounts receivable turnover
Current Yr:		/		=		times
1 Yr Ago:		/		=		times