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Can you solve this? Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,743
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Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,743 $ 34,767 $ 36,962 Accounts receivable, net 89,500 62,500 50,900 Merchandise inventory 110,500 B3,000 57,000 Prepaid expenses 9,578 9,126 4,107 Plant assets, net 280.382 258,631 235,931 Total assets $ 519,706 $ 448,024 $ 384,900 Liabilities and Equity Accounts payable $ 125,525 $ 73,445 $ 49,283 Long-term notes payable 94,774 99,954 82,511 Connon stock, $10 par value 162,500 162,500 162,500 Retained earnings 136,909 112,125 90,606 Total liabilities and equity $ 519,708 $ 448,024 $ 384,900 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 Current Year 1 Year Ago Sales $ 675,620 $.533,149 Cost of goods sold $ 412,120 $ 346,547 Other operating expenses 209,442 134,887 Interest expense 11.46 12,262 Income tax expense 8.783 2.997 Total costs and expenses 641,939 501,693 Net income $ 33,781 $ 31,456 Tarning per share $ 2.08 $ 1.94 (1-a) Compute days' sales uncollected (1-6) For each ratio, determine if it improved or worsened in the current year. (1-a) Compute days' sales uncollected. (1-6) 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 1A Required 18 Compute days' sales uncollected. Numerator: Days Sales Uncollected Denominator Days Current Year: 1 Year Ago: - Days' Sales Uncollected Days' sales uncollected days days Required 10 > (1-a) Compute days' sales uncollected. (1-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 For each ratio, determine if it improved or worsened in the current year Days' sales uncollected Step by Step Solution
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