1 Required information (The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. Part 1 of 4 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 34,597 $ 40,441 $ 40,887 Accounts receivable, net 90,000 62,300 50,300 Merchandise inventory 114,000 82,000 56,000 Prepaid expenses 11,141 10,616 4,543 Plant assets, net 325, 156 300,241 253,170 Total assets $ 574,894 $ 495,598 $ 404,900 Liabilities and Equity Accounts payable $ 146,012 $ 85,431 $ 54,516 Long-tern notes payable 110,242 116, 267 91,273 Connon stock, $10 par value 162,500 162,500 162,500 Retained earnings 156,140 131,400 96,611 Total liabilities and equity 5 574,894 $ 495,598 $ 404,900 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 Current Year 1 Year Ago Sales $ 747,362 $589,762 Cost of goods sold $ 455,891 $ 383, 345 other operating expenses 231,682 149,210 Interest expense 12,705 13,565 Income tax expense 9,716 8, 846 Total costs and expenses 709, 994 554,966 Net income $ 37,368 $ 34,796 Earnings per share $ 2.30 $ 2.14 1 1 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Part 1 of 4 Complete this question by entering your answers in the tabs below. Required IA Required 1B Compute days' sales uncollected. Numerator: DaysSales Uncollected 1 Denominator: * Days - Days' Sales Uncollected Days sales uncollected Current Year days 1 Year Ago: days Required 10 > (1-a) Compute days' sales uncollected. (1-6) For each ratio, determine if it improved or worsened in the current year. Part 1 of 4 Complete this question by entering your answers in the tabs below. Required 1A Required 18 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Required 1A New 13 2 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Part 2 of 4 Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Tumore Numerator: Denominator: Accounts Receivable Turnover Accounts receivable turnover times Current Year 1 Year Ago: times Required 20 > (2-a) Compute accounts receivable turnover. (2-6) For each ratio, determine if it improved or worsened in the current year. Part 2 of 4 Complete this question by entering your answers in the tabs below. Required 2A Required 28 For each ratio, determine if it improved or worsened in the current year Accounts receivable turnover (3-a) Compute Inventory turnover. (3-6) For each ratio, determine if it improved or worsened in the current year. Part 3 of 4 Complete this question by entering your answers in the tabs below. Required 3A Required 38 For each ratio, determine if it improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if it improved or worsened in the current year. Part 4 of 4 Complete this question by entering your answers in the tabs below. Required 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory