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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 29,823 89,500 111,500 9,604 275, 362 $515,789 $ 34,860 $ 36,683 62,000 52,000 84,000 53,000 9,151 4,076 254,635 232,341 $ 444,646 $ 378,100 $125,863 95,029 162,500 132,397 $515,789 $ 73,642 $ 48,911 100, 223 81,889 162,500 162,500 108,281 84,800 $ 444,646 $ 378,100 Uf the current year and one 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 $ 670,526 $ 409,021 207,863 11,399 8,717 637,000 $ 33,526 $ 2.06 1 Yr Ago $ 529,129 $ 343,934 133,870 12,170 7,937 497,911 $ 31,218 $ 1.92 (3-a) Compute inventory turnover. (3-6) 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 3A Required 3B Compute Inventory turnover. Choose Numerator: Inventory Turnover 1 Choose Denominator: 1 Inventory Turnover Inventory turnover times Current Yr: 1 1 Yr Ago: / times Regina 3 Required 3B >