Ch.13 Exercise Svet 4 Part 3 of 6 042 points eBook [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 Liabilities and Equity" Accounts payable Long-term notes payable H Comeon stock, $10 par value P Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 35,100 99,696 127,906 $39,790 $42,725 69,646 54,755 96.776 59,400 11,520 320,682 10,770 4,517 295,866 257,505 $ 594,913 $512,056 $419,000 $143,689 $84,939 114,081 162,500 120,316 $53,649 94,451 163,500 162,500 174,643 144,101 108, 400 $594,913 $512,856 $419,000 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 Cost of goods sold Current Year $ 773,387 1 Year Ago $610,299 $ 471,766 $396,694 Help Save & Ex Checke Ch.13 Exercise Saved 4 Part 3 of 6 0.42 points 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 Other operating expenses Interest expense Income tax expense Total costs and expenses 239,750 13,148 10,054 Current Year 1 Year Ago, $ 773,387 $610,299 $ 471,766 $ 396,694 154,406 14,037 9,154 734,718 574,291 $ 38,669 $ 36,008 $2.38 $2.22 Net income eBook Earnings per share Hill (1-a) Compute days' sales uncollected. P References (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. 4 Part 3 of 6 0.42 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. Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 eBook Compute days' sales uncollected. HM Print Days Sales Uncollected Numerator: Denominator: Days Days' Sales Uncollected References Days' sales uncollected Current Year: days 1 Year Ago: days Required 18 > Ch.13 Exercise 4 Part 3 of 6 0.42 points Saved 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 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 elook Determine if days' sales uncollected improved or worsened in the current year. Hint Print Days' sales uncollected References < Required 1A Required 2A > Help Sa 4 Part 3 of 6. 0.42 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. Required 1A Required 18 Required 2A Required 28 Required 3A Required 35 Required 4A Required 48 eBook Hint Compute accounts receivable turnover. (Round your answers to the nearest whole number.) Print References Current Year: 1 Year Ago: Accounts Receivable Turnover Numerator: Denominator: Accounts Receivable Turnover Accounts receivable tumover times times 4 Part 3 of 6 0.42 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. Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 eBook Het Print Determine if accounts receivable turnover ratio improved or worsened in the current year. Accounts receivable turnover References < Required 2A Required 3A > Ch.13 Exercise 4 Required information Part 3 of 6 0.42 points Saved (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 18 Required 2A Required 20 Required 3A Required 30 Required 4A Required 40 Dook Hid Compute inventory turnover. (Round your answers to the nearest whole number.) Pl Inventory Turnover Numerator Denominator: Inventory Turnover References Inventory tumover Current Year: times Help Save C 4 Required information Part 3 of 6 (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. 0.42 points Required 1A Required 10 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 H Compute days' sales in inventory. P References Numerator Days' Sales In Inventory Denominator Days Days' Sales In Inventory Days' sales in inventory Current Year 0 days 0 days 1 Year Ago: Check my w