[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yn 1 Yr Ago 2 Yrs Ago Assets Cash $ 25,943 $ 30,325 $ 31,589 Accounts receivable, net 89,600 62,400 51,600 Merchandise inventory 111,500 83,000 56,000 Prepaid expenses 8, 355 7,960 3,510 Plant assets, net 208,757 199, 207 179,601 Total assets $444, 155 $ 382,892 $ 322,300 Liabilities and Equity Accounts payable $109,489 $ 64,062 $ 42, 118 Long-term notes payable secured by mortgages on plant assets 82, 666 87, 185 70,516 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 89,500 69, 145 47, 166 Total liabilities and equity $444, 155 $ 382,892 $ 322,300 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 Current Yr 1 Yr Ago Sales $ 577,402 $ 455,641 Cost of goods sold $ 352,215 $ 296, 167 Other operating expenses 178,995 115,277 Interest expense 9,816 10,480 Income tax expense 7,506 6,835 Total costs and expenses 548,532 428,759 Net income $ 28,870 $ 26,882 Earnings per share $ 1.78 $ 1.65 (2-a) Compute accounts receivable turnover. (2-6) 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 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator 1 Choose Denominator: Current Yr: Accounts Receivable Turnover Accounts receivable turnover times times 1 Yr Ago