1-a) Compute days' sales uncollected.

(1-b) Determine if days' sales uncollected improved or worsened in the current year.

(2-a) Compute accounts receivable turnover.

(2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year.

(3-a) Compute inventory turnover.

(3-b) Determine if inventory turnover ratio improved or worsened in the current year.

(4-a) Compute days' sales in inventory.

(4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year.

Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: xercise 13-8 (Algo) Analyzing and interpreting liquidity LO P3 he company's income statements for the current year and one year ago follow. Assume that all sales are on credit