Check my v [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 $ 35,819 89,600 113,500 11,535 344,743 $595, 197 $ 41,869 $ 42,331 62,300 51,000 84,000 52,000 10,991 4,703 313,941 269,166 $ 513,101 $ 419,200 $ 151,168 $ 88,448 $ 56, 441 114, 135 162,500 167,394 $595,197 120,373 94,496 162,500 162,500 141,780 105, 763 $ 513,101 $ 419, 200 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 Current Yr $ 773,756 $ 471,991 239,864 13,154 10,059 735,068 $ 38,688 $ 2.38 1 Yr Ago $ 610,590 $ 396,884 154,479 14,044 9,159 574,566 $ 36,024 Earnings per share $ 2.22 (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 Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Current Yr: XX 1 Yr Ago: