00 8 Part 4 of 4 Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2.14 points Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 34,239 B9, 200 111,500 11,026 334, 360 $ 580, 325 $ 40,022 62,900 B4,000 10,506 302,852 $ 500, 280 $ 41,273 50, 500 51,000 4,586 269,541 $ 416,900 eBook Print $ 144,501 109, 101 162,500 164,223 $ 580,325 $ 84,547 115,064 162,500 138, 169 500, 280 $ 55,031 92,135 162,500 107,234 $ 416,900 References The company's income statements for the current year and one 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 Year $ 754,423 $ 460,198 233, 871 12,825 9,807 716,701 $ 37,722 $ 2.32 1 Year Ago $ 595,333 $ 386,966 150,619 13,693 8,930 560,208 $ 35,125 $ 2.16 (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if it improved or worsened in the current year