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 $ 32,231 89,800 110,500 10,379 320,275 $ 563,185 $ 37,675 $ 40,054 62,100 51,600 83,500 53,000 9,890 4,450 292,339 267,996 $ 485,584 $ 417,100 $ 136,026 $ 79,589 $ 53,405 102,702 162,500 161,957 $ 563,185 108, 316 89,414 162,500 162,500 135,099 111,781 $ 485,504 $ 417,100 The company's income statements for the Current year and 1 Year Ago, follow. Assume that all sales are on credit: Current Yr $ 732,141 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 $ 446,606 226,964 12,446 9,518 1 Yr Ago $ 577,750 $375,538 146,171 13, 288 8,666 543,663 $ 34,087 $ 2.10 $ 695,534 36,607 2.25 $ Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Tumover Choose Numerator: Choose Denominator: = Accounts Receivable Turnover Accounts receivable turnover times Current Yr: 1 Yr Ago: times Required 28 > Required information (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this questida 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