Simon Company's year-end balance sheets follow Current Year 1 Year Ago 2 Years Ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $.24,651 89,900 112,500 7,938 195,738 $430, 727 $ 28,814 62,900 83,500 7,564 188,538 $ 371, 316 $ 30,634 50, 300 59,000 3,484 175,662 $ 319,000 $ 104,033 78,547 162,500 85,647 $ 438,727 $ 60,870 82,841 162,500 65, 105 $ 371, 316 $ 40,845 68,384 162,500 47,271 $ 319,000 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 $ 559,945 $ 441,866 Cost of goods sold $ 341,566 $ 287,213 Other operating expenses 173,583 111,792 Interest expense 9,519 10,163 Income tax expense 7,279 6,628 Total costs and expenses 531.947 415, 296 Net income $ 27,998 $ 26,070 Earnings per share $ 1.60 A $ 1.72 Exercise 13-8 (Algo) Part 3 [Alternate Version) (3-a) Compute inventory turnover (3-6) For each ratio determine if it improved or worsened in the current year. mnata this nuostinn hantering in the halau