[The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	32,883			$	38,437		$	39,246
Accounts receivable, net			89,200				62,300			50,200
Merchandise inventory			112,500				84,500			53,000
Prepaid expenses			10,590				10,090			4,361
Plant assets, net			306,651				280,383			245,693
Total assets		$	551,824			$	475,710		$	392,500
Liabilities and Equity
Accounts payable		$	138,778			$	81,199		$	52,328
Long-term notes payable secured by mortgages on plant assets			104,780				110,507			87,610
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			145,766				121,504			90,062
Total liabilities and equity		$	551,824			$	475,710		$	392,500

The companys 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				$	717,371					$	566,095
Cost of goods sold	$	437,596					$	367,962
Other operating expenses		222,385						143,222
Interest expense		12,195						13,020
Income tax expense		9,326						8,491
Total costs and expenses					681,502						532,695
Net income				$	35,869					$	33,400
Earnings per share				$	2.21					$	2.06

(3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year.

(4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if it improved or worsened in the current year.

Required 3A Required 3B Compute inventory turnover. Inventory Turnover | Choose Denominator: Choose Numerator: = Inventory Turnover / II Inventory turnover Current Yr: 1 times 1 Yr Ago: / = times Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: / Days II / = Days' Sales In Inventory Days' sales in inventory days days Current Yr: / = 1 Yr Ago: / II Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory