(2-a) Compute days' sales uncollected. (2-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 $ 31, 304 89,900 110,500 10,081 305,197 $546,982 $ 36,591 $ 38,902 62,600 52,000 82,500 55,000 9,605 4,322 280, 240 254,876 $ 471,536 $ 405, 100 $ 132,113 $ 77,299 $ 51,869 99,748 162,500 152,621 $546,982 105,200 86, 841 162,500 162,500 126,537 103, 890 $ 471,536 $ 405, 100 The company's income statements for the Current Year and 1 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 Current Yr $ 711,077 $ 433,757 220, 434 12,088 9, 244 675,523 $ 35,554 1 Yr Ago $ 561,128 $ 364,733 141,965 12,906 8,417 528,021 $ 33, 107 Earnings per share es 2.19 $ 2.04 (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover Current Yr: = O times 1 Yr Ago: = 0 times