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 $ 29,052 89,700 110,000 9,356 244,638 $482,746 $ 33,959 $ 34,333 62,700 50,300 84,000 52,000 8,914 3,815 226,587 199,552 $ 416, 160 $ 340,000 $122,608 $ 71,738 $ 45,778 92,571 97,631 76,643 162,500 162,500 162,500 105,067 84,291 55,079 $482,746 $ 416,160 $ 340,000 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 Yr 1 Yr Ago Sales $ 627,570 $ 495,230 Cost of goods sold $ 382, 818 $ 321,900 Other operating expenses 194,547 125, 293 Interest expense 10,669 11,390 Income tax expense 8,158 7,428 Total costs and expenses 596,192 466,011 Net income $ 31,378 $ 29,219 Earnings per share $ 1.93 $ 1.80 (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: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover 1 times Current Yr: 1 Yr Ago: times Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover