[The following information applies to the questions displayed below.) 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 $ 37,928 89, 109 111,000 12,214 373,874 $ 624,116 $ 44,334 $ 44,388 62,100 51, 100 83,000 57.000 11,638 4,932 336,959 277,880 $ 538,031 $ 435, 360 $ 160,067 $ 93,655 $ 59,183 120,854 162,500 180,695 $ 624,116 127,460 99,087 162,500 162,500 154,416 114,53e $ 538, 031 435,300 The company's income statements for the Current Year and 1 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 $ Current Yr $ $11.351 494,924 251,519 13,793 1 Yr Ago $ 640,257 $416, 167 161,085 14.726 499,924 251,519 13,793 10,548 > 410,10 161,985 14,726 9,684 LOST OT googs SOLO Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 770.784 602,482 37,775 $ $ $ 40,567 2.50 2.32 (2-a) Compute accounts receivable turnover. (2-b) 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 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Denominator: Choose Numerator: - Accounts Receivable Turnover Accounts receivable turnover times Current Yr 1 Yr Ago: (3-a) Compute inventory turnover. (3-b) 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. Inventory Turnover Choose Numerator: Choose Denominator - Inventory Turnover Inventory turnover times Current Yr: 1 Yr Ago: times Required 3B > (4-a) Compute days' sales in inventory. (4-b) 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 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory I Choose Denominator: Choose Numerator: x Days - Days' Sales In Inventory Days' sales in inventory days days Current Yr: 1 Yr Ago: Required 48 >