Check my work Simon Company's year-end balance sheets follow Current Year 1 Year Agn 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets.net Total assets Lihilities and Equity Accounts payable Long-term notes payable Common stock, 510 par value Betained earnings Total liabilities and equity $ 29,990 19,900 114.000 9,368 250.688 $493,016 $ 34,003 62,50 54,500 8,926 234,111 $425,040 $ 35,066 51.900 56,000 3,896 202,338 5 354,200 $ 122.768 92,603 162,500 115.085 $493,046 $ 71,832 97,759 103,500 $ 46,754 78,278 162,500 66.668 5354,200 5 425,00 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit Current Year $540,950 $ 390,986 198.698 10,896 Por Vear Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense ncce tex tapest Total costs and expenses Net the E per here 1 year ago $ 505,791 $ 320,760 127,67 11.633 2587 625,950 $ 29,042 5 1.54 603.913 5 32.00 5 1.97 IRCA Check my work The company's income statements for the current year and one year ago follow. Assume that all sales are on credit Current Year 5.640,960 $ 390,986 198,698 10,896 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 1 Year Ago $ 505,798 $ 328,269 127,467 11,633 7.58 475.950 $ 29,842 $ 1.54 5332 608,912 $ 32,048 $ 1.97 (1-6) 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. bes Required 1A Required 1B Compute days' sales uncollected Days Sales incollected Check my work Required information Complete this question by entering your answers in the tabs below. Required 1A Required 10 Compute days' sales uncollected Days Sales Uncollected Denominator Numerator Days Days Sales Uncollected Days Sales uncollected days ody Current Ye: 1 Yr Ago: Required 18 >