Current ye 1 YAZ YAO $ 32,409 89,700 112,000 10,437 321,745 $ 566,291 $ 37,8835 40,275 62,300 51,100 82,000 53,000 9,940 4,475 296,955 270.550 $ 488,182 $ 419,400 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 Connon stock, $10 par value Retained earnings Total liabilities and equity $ 136,776 $ 80,0285 53,700 103,269 162,500 163746 $566,291 108,913 89,907 162,500 162,500 136,741 113 293 $ 488,182 $ 419,400 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 Earnings per share Current Yr $ 735,178 $ 449,069 228,215 12,515 9.570 699,369 $ 36,809 5 2.27 1 Ye AO $ 580,937 $377,609 146,977 13,362 8714 546,662 $ 34,275 5 2.11 Required information TIVI COUTU, VYPOLOVI WO WILLORCE yuor. Complete this question by entering your answers in the tabs below. Required 4A Required 48 Compute days' sales in inventory. Days Sales In Inventory Choose Numerator: 1 Choose Denominator: Days X Current Yr: Days' Sales In Inventory Days' sales in inventory o days 0 days 1 X 1 Yr Ago: 1 Required: A Required 4B >