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 $ 32,780 89,400 113,500 10,556 326,536 $ 572,772 $ 38,316 $ 40,736 62,380 50,200 83,000 53,000 19,058 4,526 300,095 275,738 $493,769 $ 424,200 $ 138,342 $ 80,944 $ 54,315 104,451 162,500 167,479 572,772 110, 160 90, 162,500 162 140, 165 116, $493,769 $ 424, O Q The company's income statements for the e Ago, follow. Assume that all sales are on - Current Yr STON $NN INC - 0 Nm NININ 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 lood 10000 oo 1 Yr Ago ' $ 587,585 $ 381,930 148,659 13,514 om CO 552,917 om IN - (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current yea Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Denominator Average accounts receivable, net Choose Numerator: Net les - Accounts Receivable Turnover Accounts receivable turnever O times Current Yr: 1 Yr Ago: O times Required 2B > Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Numerator: Choose Denominator Inventory Turnover Inventory turnover Current Yr: 1 Yr Ago: Required 3B > Required 4A Required 4B Compute days' sales in inventory. Days Sales In Inventor Choose Numerator: I Choose Denominator: Days - Days' Sales In Inventory Days' sales in inventory Current Yr: 1 Yr Ago: Required 48 >