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-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,026 89,900 113,000 10,635 307.652 5554, 213 $ 38,604 $ 39,416 62,700 51.000 84.000 53,000 10,134 4,380 282,332 246,404 $ 477,770 $ 394,200 $139,379 $ 81,551 $ 52,555 105,234 162,500 147, 100 $554,213 110,986 87,989 162,500 162,500 122,233 91, 156 $ 477,770 $ 394,200 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 Current YE 1 Yr Ago Sales $ 720,477 $ 568, 546 Cost of goods sold $ 439, 491 $ 369,555 Other operating expenses 223,348 143,842 Interest expense 12,248 13,077 Income tax expense 9,366 8.528 Total costs and expenses 684,453 535,002 Net income $ 36,024 $ 33,544 2.22 2.06 Tarninner hare $ $ Complete this question by entering your answers in the tabs below. Required 3A Required 38 Compute inventory turnover. Choose Numerator: Inventory Turnover Cost of goods sold Inventory Turnover Choose Denominator: Average Inventory 1 / Inventory tumover Current Yr: 0 times 1 Yr Ago: O times