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 $ 32,263 89, 100 114,500 10,390 295, 167 $ 541,420 $ 37,713 $ 38,506 62,700 50,9ee 83,500 56,000 9,900 4,278 272,928 235,416 $ 466,741 $ 385,100 $ 136,162 $ 79,668 $ 51,342 192,895 162,500 139,953 $ 541,420 108,424 85,958 162,500 162,500 116, 149 85,300 $ 466,741 $ 385,100 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales 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 Yr $ 783, 846 $ 429,346 218,192 11,965 9,150 668,653 $ 35,193 1 Yr Ago $ 555, 422 $ 361,024 140,522 12,775 8,331 522,652 $ 32,778 $ 2.02 $ 2.17 Required 3A Required 3B Compute inventory turnover. Inventory Turnover | Choose Denominator: Choose Numerator: II Inventory Turnover 1 Inventory turnover Current Yr: 1 times times 1 Yr Ago: 1 II Required information 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