3 Part 1 of 4 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow At December 31 1428 po 14 10 Pot Assets Gesh Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tare notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $31,478 5 36,785 $ 17,101 69,700 62,400 51,700 110,000 $4,000 56,000 10,134 9,656 4,132 281,423 219,277 $533,927 3 450,799 $368,300 $132,813 5 77,700 49,588 100,276 162,500 127,318 $522,927 105,757 162,500 162,500 104,833 23-199 $ 450,799 $368,500 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 Met Income Earnings per share Current W $479,005 $336,451 210,740 11,557 135,722 32,338 8,047 504,0 31,651 2.09 1.95 (1-e) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Compute days' sales uncollected. Choose Numerator: Days Soles Uncollected Choose Denominator: Days Days' Sales Uncollected Days' Sales Uncollected Current Yr: 0 days 1 Yr Ago: 0 days Required A Required 18 > Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Current Yr 1 Yr Ago 2 Yrs Ago: $ 31,470 $ 89,700 110,000 36,785 $ 37,191 62,400 51,700 84,000 56,000 10,134 281,623 $ 450,799 $ 368,300 9,656 4,132 257,958 219,277 $ 522,927 $ 132,813 $ 77,709 $ 49,588 100,276 162,500 127,338 $ 522,927 $ 450,799 $ 368,300 105,757 162,500 104,833 83,022 162,500 73,190 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on c 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 Ye $414,681 210,740 1 Yr Ago $ 679,805 $ 536,451 11,557 $ 348,693 135,722 12,338 8,837 8,047 645,815 $ 33,990 $ 2.09 504,800 $ 31,651 $ 1.95 (1-0) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year