Check my work [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. Common stock, $10 par value Retained earnings. Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 28,022 89,100 114,000 9,024 234,804 $ 474,950 $ 118,263 89,291 162,500 104,896 $ 32,755 62,600 84,500 8,598 220,987 $ 409,440 $ 69,195 94,171 162,500 83,574 $ 474,950 $ 409,440 $ 33,779 51,300 52,000 3,753 200,368 $ 341,200 $ 45,038 75,405 162,500 58,257 $ 341,200 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 Net income Earnings per share Current Year $ 617,435 1 Year Ago $ 487,234 $ 376,635 191,405 $ 316,702 123,270 11,206 7,309 458,487 $ 28,747 10,496 8,027 586,563 $ 30,872 $ 1.90 $ 1.77 Required 1A Required 18 Compute days' sales uncollected. Current Year: 1 Year Ago: Numerator: Days' Sales Uncollected Denominator: x x Days Days' Sales Uncollected Days' sales uncollected 0 days 0 days 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 < Required 1A Required 1B > Required 2A Required 2B Compute accounts receivable turnover. Current Year: 1 Year Ago: Numerator: Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover / times times (2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the cur Complete this question by entering your answers in the tabs Required 2A Required 2B For each ratio, determine if it improved or worsened in the current ye Accounts receivable turnover < Required 2A R Required 3A Required 3B Compute inventory turnover. Current Year: 1 Year Ago: Numerator: Inventory Turnover Denominator: Inventory Turnover Inventory turnover = times times (3-a) Compute inventory turnover. (3-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 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Current Year: 1 Year Ago: Days' Sales In Inventory Numerator: Denominator: x Days x = Days' Sales In Inventory Days' sales in inventory 0 days 0 days Required 4A Required 4B > Complete this question by entering your answers in the tabs below. Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory