(1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year.

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,379 77,985 98,051 8,325 236,370 $ 447, 110 $ 30,527 $ 31,799 53,962 41,974 72,019 45,154 8,013 3,569 220,919 198,704 $ 385,440 $ 321,200 $ 110,217 $ 66,442 $ 41,550 85,738 162,500 88,655 $ 447,110 88,651 71,695 162,500 162,500 67,847 45,455 $ 385, 440 $ 321,200 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Ratio Choose Numerator: | Choose Denominator: II Current Ratio = = Current ratio Current Yr: = 1 = 1 Yr Ago: 2 Yrs Ago: to 1 to 1 to 1 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: | Choose Denominator: Acid-Test Ratio + + Acid-test ratio 1 / Current Yr: + + = 0 to 1 + 1 + 0 to 1 1 Yr Ago: 2 Yrs Ago: + + 1 0 to 1