Refer to the Simon Company information in Exercise 17-7. The company’s income statements for the years ended December 31, 2014 and 2013, follow. Assume that all sales are on credit and then compute: (1) days’ sales uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days’ sales in inventory. Comment on the changes in the ratios from 2013 to 2014. (Round amounts to one decimal.)

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For Year Ended December 31 Sales... Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share... 2014 2013 $673,500 $532,000 $411,225 $345,500 209,550 134,980 12,100 13,300 9,525 642,400 $ 31,100 8,845 $ 1.90 502,625 $ 29,375 $ 1.80