Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Canh Accounts receivable, net Merchandise inventory Prepaid expenses Plant annets, net Total assets Liabilities and Equity Accounts payable Long-term totes payable Common stock, $10 par value Retained earnings Total 1 abilities and equity $ 27,228 90,000 112,500 8,76B 232,412 $ 470, 90B $ 31,827 62,700 82,000 8,355 221, 073 $ 405,955 $ 33,491 50,000 53,000 3,721 204,988 $ 345,200 $ 114,911 86,760 162,500 106,737 $ 470, 908 $ 67,234 91,502 162,500 84,719 $ 405,955 $ 44,655 74,763 162,500 63,282 $ 345,200 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 Cont of goods sold Other operating expenses Interest expono Income tax expende Total coats and expenses Het income Earnings per share Current Year $ 612,180 $ 373,430 189,776 10,407 7.958 581,571 $ 30,609 1 Year ago $ 483,086 $ 314,006 122,221 11,111 7.246 454.564 20,502 5 1.75 S 1.00 (2-a) Compute accounts receivable turnover. (2.b) For each ratio, determine if it improved or worsened in the current year. (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 28 Compute accounts recevable turnover. Accounts Receivable Tumover Numerator Denominator: Accounts Receivable Turnover Accounts receivable turnover mes Current Year 1 Year Ago mos Required 28 > (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 For each ratio, determine if it Improved or worsened in the current year. Accounts receivable turnover Required 2A (3-a) Compute Inventory turnover. (3-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 3A Required 3B Compute inventory turnover. Numerator: Inventory Turnover Denominator: Inventory Turnover Inventory tumover times Current Year: 1 Year Ago: times Required 38 > (3-a) Compute inventory turnover. (3-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 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B Compute days' sales in inventory. Days Sales In Inventory Denominator: Numerator 1 X Days # # Days' Sales In Inventory Days' sales in inventory 0 days Current Year: x 1 Year Ago: x o days (4-a) Compute days' sales in inventory. (4-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 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory
