At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 38,870 $ 33,254 89,300 111,500 10,709 318,858 $ 563,621 Long-term notes payable Common stock, $10 par value Retained earnings $ 140,342 105,961 162,500 154,818 Total liabilities and equity $ 563,621 62,500 83, 500 10, 203 290,807 $ 485,880 $ 82,114 111,752 162,500 129,514 $ 485,880 $40,085 50,400 51,000 4,454 258,961 $ 404,900 $ 53,447 89,483 162,500 99,470 $ 404,900 The company's income statements for the current year and one year ago follow. Assume that all sales are on cred 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 Year $ 732,707 $ 446,951 227,139 1 Year Ago $ 578,197 12,456 9,525 696,071 $ 36,636 $ 2.25 $ 375,828 146,284 13,299 8,673 544,084 $ 34,113 $ 2.10 -a) Compute days' sales uncollected. -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 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected Numerator: Denominator: X Days Days' Sales Uncollected 3