Current Yr 1 Yr Ago 2 Yrs Ago $ 31,442 89,300 113,000 10,125 283,775 $527,642 $ 36, 753 $ 37,526 62,500 52,000 84,000 54,000 9,648 4,170 261,963 227, 604 $ 454,864 $ 375,300 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 $132,697 $ 77,641 $ 50,035 100,189 162,500 132,256 $527,642 105,665 83,771 162,500 162,500 109,058 78,994 $ 454,864 $ 375,300 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 $ 685,935 $ 541,288 Cost of goods sold $ 418, 420 $ 351,837 Other operating expenses 212,640 136,946 Interest expense 11,661 12,450 Income tax expense 8,917 8,119 Total costs and expenses 651, 638 509,352 $ 34,297 $ 31,936 Net income $ Earnings per share 2.11 1.97 (1-a) 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