Check my work 14 HY The following information applies to the questions displayed below! Simon Company's year-end balance sheets follow. At December 31 Current Y Y Y Ago 2 Yrs Ago Assets Cash $ 31,836 Accounts receivable, net $ 37,213 $ 37,99 89,600 62,200 50.900 Merchandise inventory 114,500 83,500 57.000 Prepaid expenses 10,252 9.768 4,222 Plant assets, net 288, 862 267,879 220, 882 Total assets $534,250 $ 460.568 $ 380,00 Liabilities and Equity Accounts payable $134, 359 $ 78,613 $50,662 Long-term notes payable secured by mortgages on plant assets 101, 443 106,988 84,820 Conton stock, $10 par value 162,500 162,50 162,500 Retained earnings 135,948 112,499 82,018 Total liabilities and equity $534,250 $ 460,560 5 380,000 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 Current Yr 1 Yr Ago Sales $ 694,525 $548,066 Cost of goods sold $ 423,660 $ 356,243 Other operating expenses 215, 303 138,661 Interest expense 11,807 12,606 Income tax expense 9.029 8,221 Total costs and expenses 659,799 515,731 Net Income $ 34,726 $ 32,335 $ 2.14 $ Earnings per share 1.99 (1-a) Compute days' sales uncollected. (1-6) For each ratio, determine if it improved or worsened in the current year Part 1 of 4 Complete this question by entering your answers in the tabs below. Gints ok Required 1A Required 18 Compute days' sales uncollected Hari References Choose Numerator Days' Sales Uncollected Choose Denominator: X Days Days' Sales Uncollocted - Days' Sales Uncollected daya days Current Yr: 1 Yr Ago x WE Required 18> Part 1 of 4 (1-a) Compute days' sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year. 10 points Complete this question by entering your answers in the tabs below. Book Required 1A Required 1B Hint References For each ratio, determine if it improved or worsened in the current year. Dayst sales uncollected 3-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the abs below. Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover