Contact M Question 5.C.13 Ex estions Saved 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 30,896 $ 36,115 $ 36, 159 89,500 62,500 50,380 110,500 84,000 55,800 9,950 9,480 4,018 267,566 246, 191 209,123 55e8, 412 $ 438,286 $ 354,680 $130, 392 $ 76,292 $ 48,211 98,449 162,500 117,871 $588,412 183,830 80, 718 162,500 162,50e 95,664 63,171 $ 438,286 $ 354,600 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 Ye 1 Yr Ago Sales $ 660,936 $ 521,560 Cost of goods sold $ 403,171 $ 339,014 Other operating expenses 204,890 131,955 Interest expense 11,236 11,996 Income tax expense 8,592 7.823 Total costs and expenses 627,889 490, 788 Net Income $ 33,047 $ 38,772 Earnings per share 5 2.83 5 1.89 20 W 1) MacBook Pro Q * # $ % & 7 3 4 5 8 9 0 W E R Y U 1-a) Compute days' sales uncollected, 1-6) 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 LA Required 11 Compute days' sales uncollected. Choose Numerator Days! Sales Uncollected Choose Denominator: X Days X Current Yr: 1 Yr Ago: Daya' Sales Uncollected Days' Sales Uncollected days o days x X Sh required 18 > 20 W MacBook Pro Q A # 3 $ 4 % 5 & 7 6 8 9 0 2 0 W U R Y E C T c H K Earnings per share 2.83 of 2 (1-a) Compute days' sales uncollected. (1-6) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. eBook Hint Required 1A Required 18 For each ratio, determine if it improved or worsened in the current year, Print References Days' sales uncollected 20 W P MacBook Pro EC Q @ # a & 1 N 3 $ 4 % 5 6 7 8 8 Q W E R T Y Y U