Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 You 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 $ 34,978 89,000 113,000 11,264 344,611 $592,853 $ 40,886 $ 42,164 62,700 51,800 82,500 56,000 10,733 4.685 314,261 271,251 $ 511,080 $425,900 $147,620 $ 86,373 $ 56,219 111,456 162,500 171,272 $592,853 117,548 94,124 162,500 162,500 144,659 113,057 $ 511,080 $ 425,900 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 expense Income tax expense Total costs and expenses Net income Earnings per share Current Ye $ 770,709 $ 470,132 238,920 13,102 10,019 732, 173 $ 39,536 $ 2.37 1 Yr Ago $ 608,185 $ 395,320 153,871 13,988 9.123 572,302 $ 35,883 $ 2.21 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year, NEC LDCOM 2009 Earnings per share $ 2.37 $ 2.21 (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 2B Compute accounts receivable turnover. Accounts Recolvable Turnover Choose Numerator: Choose Denominator Accounts Receivable Turnover Accounts receivable turnover times Current Yr: times 1 Yr Ago: Required 2B >