Earnings por share $1.70 1.58 1) Compute days' sales uncollected ) 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 1A Required 18 ompute days' sales uncollected. 3 X Days Choose Numerator: Accounts receivables, not Days Sales Uncollected 1 Choose Denominator: I Net sales 1 $ 1 $ X 365 Days' Sales Uncollected Days' Sales Uncollected days days 551,067 x 434,861 x irrent Yr: fr Ago: Required 1A Required 1B > REYUCU TITUITTIQLIUI [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 24,760 89,200 111,000 7,974 190,964 $423,898 $ 28,942 $ 30,148 62,600 51,900 83,500 59,000 7,597 3,350 182,790 163,202 $365,429 $ 307,600 $104,495 $ 61,140 $ 40,197 78,896 162,500 78,007 $ 423,898 83,208 67,300 162,500 162,500 58,581 37,603 $ 365, 429 $ 307,600 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales ar 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 Current Yr $ 551,067 $ 336,151 170,831 9,368 7,164 523,514 $ 27,553 $ 1.70 1 Yr Ago $ 434,861 $ 282, 660 110,020 10,002 6,523 409,205 $ 25,656 Earnings per share $ 1.58 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 24,760 89,200 111,000 7,974 190,964 $423,898 $ 28,942 $ 30,148 62,600 51,900 83,500 59,000 7,597 3,350 182,790 163,202 $ 365,429 $ 307,600 $104,495 $ 61,140 $ 40,197 78,896 162,500 78,007 $423, 898 83,208 67,300 162,500 162,500 58,581 37,603 $ 365,429 $ 307,600 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 551,067 $ 336,151 170,831 9,368 7,164 523,514 $ 27,553 1 Yr Ago $ 434,861 $ 282,660 110,020 10,002 6,523 409, 205 $ 25,656 $ 1.70 $ 1.58 a) Compute accounts receivable turnover. 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. equired 2A Required 2B ompute accounts receivable turnover. Accounts Recelvable Turnover Choose Numerator: Net sales Accounts Receivable Turnover 1 Choose Denominator: Average accounts receivable, net 1 Accounts receivable turnover o times urrent Yr: O times / Ir Ago: Required 2A Required 2B> Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 28,261 77,895 99,957 9,190 254,310 $469,613 $ 33,359 $ 33, 744 58,378 47,287 77,142 47,906 8,672 3,749 227,288 215, 114 $ 404,839 $ 347,800 $113, 426 $ 68,418 $ 45,910 89,170 162,500 104,517 $469,613 93,113 78, 162,500 162,500 80,808 60,989 $ 404,839 $ 347,800 The company's income statements for the Current Year and 1 Year Ago, follow. 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 $610,497 $372, 403 189,254 10,378 7,936 579,971 $ 30,526 1 Yr Ago $ 481,758 $313,143 121,885 11,080 7,226 453,334 $ 28,424 $ 1.75 $ 1.88 For both the current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio 1 = Debt ratio % Current Year: / 1 Year Ago: / + % Equity Ratio Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio 11 % Current Year: = 1 Year Ago: Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 89,400 111,500 10,400 277,000 $519,900 $ 36,500 $ 37,800 61,000 49,500 82,400 52,000 9,400 5,400 252,500 231,000 $441,800 $ 375,700 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 $130,000 $ 72,000 $ 50,200 95,000 162,000 132,900 $519,900 99,500 82,600 162,000 162,000 108,300 80,900 $441,800 $ 375,700 The company's income statements for the Current Year and 1 Year Ago, follow. 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 $765,000 $451,350 237,150 12,400 9,550 710,450 $ 54,550 1 Yr Ago $ 610,000 $396,500 140,300 13,200 8,975 558,975 $ 51,025 $ 3.37 $ 3.15 2333 $ 51,025 Earnings per share s 3.37 $ 3.15 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Return on total assets + Return On Total Assets 1 Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets 0 % 1 0 % Current Year: 1 Year Ago: 1 Required JA Required 3B >