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Simon Company's year-end balance sheets follow. The companys income statements for the current year and one year ago follow. Assume that all sales are on

image text in transcribed Simon Company's year-end balance sheets follow. The company\’s income statements for the current year and one year ago follow. Assume that all sales are on credit: (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year

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