[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 $ 32, 457 89,000 114,000 10,452 315, 443 $561,352 $ 37,940 $ 39,924 62,900 51,600 83,000 59,000 9,959 4,436 290, 125 256,540 $ 483,924 $ 411,500 $ 136,981 $ 80,147 $ 53,232 103, 423 162,500 158, 448 $561,352 109,076 89,123 162,500 162,500 132,201 106,645 $ 483,924 $ 411,500 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 Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 729,758 $ 445,152 226, 225 12,406 9,487 693,270 $ 36,488 1 Yr Ago $ 575,870 $ 374,316 145,695 13,245 8,638 541,894 $ 33,976 $ 2.25 $ 2.09 (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 Numerator: 1 Choose Denominator: = Accounts Receivable Turnover = Accounts receivable turnover o times Current Yr: 1 1 Yr Ago: 1 0 times