Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34,145 89,200 114,500 10,996 341,703 $590,544 $ 39.913 $ 42.000 62,900 51,400 8 2,500 59,000 10,477 4,667 313,500 275,833 $ 509,090 $ 432,900 $144,105 $ 84,315 $ 56,000 108,802 162,500 175,137 $590,544 114,749 93,757 162,500 162,500 147.526 120.643 $509,090 $ 432,900 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expenso Income tax expense Total costs and expenses Net Income Earnings per share Current Y $ 769, 707 $ 468, 301 237,989 13,051 9.980 1Yr Ago $ 605,817 $ 393,781 153, 272 13,934 9.087 570,074 $ 35, 743 $ 2.20 $ 38.386 2.36 (2-a) Compute accounts receivable turnover. (2-5) 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 receivable turnover. Choose Numerator: Accounts Receivable Turnover 7. Choose Denominator: Average accounts receivable, net Accounts Recolvablo Turnover Accounts receivable tumover Net sales O times Current Yr: 1 Yr Ago: O times Required 28 > Exercise 13-8 Part 3 (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. Inventory Turnover Choose Numerator: Choose Denominator: Cost of goods sold Average inventory Inventory Turnover Inventory turnover Current Yr: O times 1 Yr Ago: 0 times Required 33 > Homework saved Help Exercise 13-8 Part 4 (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 48 Compute days' sales in inventory. Choose Numerator: Ending inventory Days' Sales In Inventory Choose Denominator: Cost of goods sold x Days Current Yr: 1 Yr Ago: Days' Sales In Inventory Days' sales in inventory O days o days Required 48 >