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Simon Company's year-end balance sheets follow Current Year 1 Year Ago 2 Years ARO 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,570 89, 780 119,500 9,200 232, 159 $ 470,129 $ 33,395 62,200 82,500 8,766 218,423 $ 405,284 $ 33,436 51,800 52,890 3,715 186,949 $ 327,900 $ 120,574 91,936 162,500 96,019 $ 470,129 $ 79,548 96,012 162,500 76,224 $ 405, 284 $ 44,581 74,640 162,500 46,179 $ 327,900 The company's income statements for the current year and one year ago follow. Assume that all sales are on crec 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 Year $ 611,168 $ 372,812 189,462 10,390 7.945 588,609 $ 30,559 $ 1.88 1 Year ago $ 482,288 $ 313,487 122,819 11,093 7,234 453,833 $ 28,455 $ 1.75 (3-0) Compute inventory turnover. (3-6) 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 3A Required 30 Compute inventory turnover. Inventory Turnover Denominator: Numerator: Inventory Turnover Inventory turnover O times 0 times Current Year: 1 Year Ago:

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