Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yes ARO 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 $ 32,606 89,680 113,500 10,500 295,604 $ 541,810 $ 38, 1145 38,534 62,200 50,700 83,000 53,000 10,005 4,282 273,759 235,884 $ 467,078 $ 381,600 $ 137,609 $ 80,515 $ 51,379 103,897 162,500 137,804 $ 541,810 109,576 86,020 162,500 162,500 114,487 81,701 $ 467,078 $. 381,600 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 $ 704,353 $ 429,655 218,349 11,974 9,157 669,135 $ 35,218 $ 2.17 1 Yr Ago $ 555,823 $361,285 140,623 12,784 8,337 523,029 $32,794 $ 2.02 (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 Choose Numerator Accounts Receivable Turnover Choose Denominator 1 Accounts Receivable Turnover Accounts receivable turnover 1 times Current Yr: times 1 Yr Ago: Reg 2A Required 23 >