7 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago Part 4 of 4 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 $ 27,069 89,900 113,000 8,717 211,119 $ 449,805 $ 31,641 $ 62,700 82,000 8,306 203, 116 $ 387,763 31,990 50,300 54,000 3,554 176,956 316,800 0.71 points $ 114,241 $ 66,843 $ 42,654 eBook 86,255 162,500 86,809 $ 449,805 90,969 71,413 162,500 162,500 67,451 40,233 $ 387,763 $ 316,800 Hint The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: Print 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 Yr $ 584,747 $ 356,696 181,272 9,941 7,602 555,511 $ 29,236 1 Yr Ago $ 461,438 $ 299,935 116,744 10,613 6,922 434,214 $ 27,224 References 1.80 1.68 Exercise 13-8 Part 4 (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B 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 Yr $ 584,747 $ 356,696 181,272 9,941 7,602 555,511 29,236 1 Yr Ago $461,438 $ 299,935 116,744 10,613 6,922 434,214 $ 27,224 $ 1.80 $ 1.68 Exercise 13-8 Part 4 (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory. Choose Denominator: Choose Numerator: 1 Days / Days' Sales In Inventory Days' sales in inventory days days / Current Yr: 1 Yr Ago: 1 7 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: Part 4 of 4 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 Yr $ 584,747 $ 356,696 181,272 9,941 7,602 555,511 29,236 $ 1.80 1 Yr Ago $461,438 $ 299,935 116,744 10,613 6,922 434,214 $ 27,224 0.71 points $ 1.68 eBook Exercise 13-8 Part 4 Hint (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if it improved or worsened in the current year. Print Complete this question by entering your answers in the tabs below. References Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory