6 Part 3 of 25 poires PH 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 Current Year 1 Year Ago 2 Years Ago $31,800 89,500 112,500 $4,000 5,000 230,500 5 377,500 535,625 $ 37,800 62,500 50,200 82,500 10,700 278,500 5523,000 9,375 255,000 $445,000 $ 129,900 $75,250 $51,250 Long-term notes payable: 98,500 101.500 Common stock, $10 par value: 163,500 163,500 Retained earnings 131,100 104,758 83,500 163,500 79,250 Total Liabilities and equity $ 523,000 $445,000 $ 377,500 Liabilities and Equity Accounts payable Mc Check my work For both the current year and one year ago, compute the following ratios: 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 Sales Current Year $673,500 1 Year Ago $532,000 Next > Part 3 of 6 2.5 points eBook Print References 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 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net incone Earnings per share Current Year $ 411,225 1 Year Ago $ 673,500 $ 345,500 209,550 12,100 9,525 642,400 $ 31,100 134,988 13,300 $ 1.90 $532,000 8,845 502,625 $29,375 $1.80 (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. Complete this question by entering your answers in the tabs below. Exercises Chapter 17 Required information Part 3 of 6 Complete this question by entering your answers in the tabs below. Check my work 25 points Required 1A Required 18 Required 2A Required 28 Required 3A Required 30 Required 4A Required 48 effick Pryt eferences Compute days' sales uncollected. Current Year: 1 Year Ago Days Sales Uncollected Numerator Denominator x Days Days' Sales Uncollec T Cramed VA Required 18 > Days' sales uncollect 0 days 0 days Part 3 of 6 25 points Required information (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. Complete this question by entering your answers in the tabs below. eBook Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A1 Required 45 Print References Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected Part 3 of 6 25 oints Required information (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. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 281 Required 3A. Required 38. Required 4A Required 48 eBook Print Compute accounts receivable turnover. References. Numerator: Accounts Receivable Turnover Denominator: = Accounts Receivable Turnover Current Year: 1 Year Ago: = Accounts receivable turnover 0 times 0 times 6 3 of 6 Required information (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. Complete this question by entering your answers in the tabs below. Required 1A look int Required 281 Required 3A Required 38 Required 4A Required 48 Required 18 Required 2A Determine if accounts receivable turnover ratio improved or worsened in the current year. rences Accounts receivable turnover < Required 2A Required 3A > 2.5 points Complete this question by entering your answers in the tabs below. Required 1A Required 181 Required 2A Required 28 Required 3A Required 38 Required 4A Required 481 eBook Print Compute inventory turnover. References Current Year: 1 Year Ago: Inventory Turnover Numerator: Denominator: Inventory Turnover Inventory turnover 0 times 0 times 6 Part 3 of 6 Required information (4-8) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. 2.5 points Required 1A Required 18 Required 2A Required 28 Required 3A eBook Required 381 Required 4A Required 48 Print Determine if inventory turnover ratio improved or worsened in the current year. References Inventory turnover < Required 3A Required 4A > Check my w 6 Part 3 of 6 Required information (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. Complete this question by entering your answers in the tabs below. 2.5 points Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 eBook Print Compute days' sales in inventory. References Mc Current Year: 1 Year Ago: Days' Sales In Inventory. Numerator: Denominator: x Days Days' Sales In Inventory < Required 38 x x Days' sales in inventory 0 days 0 days Required 48 > 6 Part 3 of 6 Required information (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. Complete this question by entering your answers in the tabs below. 2.5 points eBook Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 Print References For each ratio, determine if days' sales in inventory improved or worsened in the current year. Days' sales in inventory