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 $ 27,437 90,000 115,000 8,836 214,637 $ 455, 910 $ 32,071 $ 32,425 62,300 50,400 84,000 60,000 8,419 3,603 206,236 174,672 $ 393, 026 $ 321, 100 $ 115,792 $ 67,750 $ 43,233 87,425 162,500 90,193 $ 455, 910 92,204 72,382 162,500 162,500 70,572 42,985 $ 393,026 $ 321,100 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 Yr $ 592,683 $ 361,537 183,732 10,076 7,705 563,050 $ 29,633 1 Yr Ago $ 467,701 $ 304,006 118,328 10,757 7,016 440, 107 $ 27,594 $ 1.82 $ 1.70 (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 Receivable Turnover Choose Numerator: | Choose Denominator: = Accounts Receivable Turnover / Accounts receivable turnover Current Yr: / times 1 Yr Ago: 1 = times (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 For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover