8 Part 3 of 4 Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2 points Current Yr 1 Yr Ago 2 Yrs Ago Skipped 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 $ 24, 246 89,400 110, 500 7,808 187,388 $ 419,342 $ 28,342 $ 29,824 62,400 51,200 82,000 54,000 7,440 3,314 181,320 169,062 $361, 502 $ 307, 400 eBook $ 102,328 $ 59,872 $ 39,765 Hint 77,260 162,500 77,254 $ 419,342 81,483 66,577 162,500 162,500 57,647 38,558 $361,502 $ 307, 400 Print The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: References 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 $ 545,145 $ 332,538 168,995 9,267 7,087 517,887 $ 27,258 1 Yr Ago $ 430, 187 $ 279, 622 108,837 9,894 6,453 404,806 $ 25,381 Earnings per share $ 1.68 $ 1.56 (3-a) Compute inventory turnover. (3-6) 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 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Numerator: 1 Choose Denominator: Inventory Turnover Inventory turnover times Current Yr: 1 Yr Ago: / times 00 Part 3 of 4 Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2 points Current Yr 1 Yr Ago 2 Yrs Ago Skipped 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 $ 24,246 89,400 110,500 7,808 187, 388 $ 419,342 $ 28,342 $ 29,824 62,400 51,200 82,000 54,000 7,440 3,314 181,320 169,062 $361,502 $ 307, 400 eBook $ 102,328 $ 59,872 $ 39,765 Hint 77,260 162,500 77,254 $ 419,342 81,483 66,577 162,500 162,500 57,647 38,558 $361,502 $ 307, 400 Print The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: het References 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 $ 545,145 $ 332,538 168,995 9,267 7,087 517,887 $ 27,258 $ 1.68 1 Yr Ago $430,187 $ 279, 622 108,837 9,894 6,453 404, 806 $ 25,381 $ 1.56 (3-a) Compute inventory turnover. (3-6) 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 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover Required information The following information applies to the questions displayed below. 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 $ 24,246 89,400 110, 500 7,808 187,388 $ 419,342 $ 28,342 $ 29, 824 62,400 51,200 82,000 54,000 7,440 3,314 181,320 169,062 $361, 502 $ 307,400 $ 102,328 $ 59,872 $ 39,765 77,260 162,500 77,254 $ 419,342 81,483 66,577 162,500 162,500 57,647 38,558 $361, 502 $ 307, 400 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 Earnings per share Current Yr $ 545,145 $ 332,538 168,995 9,267 7,087 517,987 $ 27, 258 1 Yr Ago $ 430,187 $ 279, 622 108,837 9,894 6,453 404,806 $ 25,381 $ 1.68 $ 1.56 (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 each ratio, determine if it improved or worsened in the current year. Days' sales in inventory