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Exercise 13-8 Analyzing and Interpreting liquidity LO P3 1 Y Ago 2 Yrs Ago [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current y Assets Cash $ 36,050 Accounts receivable, net 89,100 Merchandise Inventory 114,000 Prepaid expenses 11,609 Plant assets, net 348,272 Total assets $ 599,031 Liabilities and Equity Accounts payable $ 152,142 Long-term notes payable secured by mortgages on plant assets 114,870 Common stock, $10 par value 162,500 Retained earnings 169 519 Total liabilities and equity $ 599,031 $ 42,139 $ 42,603 62,200 50,800 84,000 58.000 11,061 4,734 317006 265,763 $ 516,406 $ 421,900 $ 89,018$ 56.805 121,149 95,105 162,500 162.500 143,739 107.490 $ 516,406 $ 421900 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 r Ago Sales $ 778,740 $ 614,523 Cost of goods sold $ 475,031 $ 399,440 Other operating expenses 241.409 155,474 Interest expense 13.239 14.134 Income tax expense 10,124 9.218 739,803 578 266 Total costs and expenses $ $ 38,937 36,257 Net income $ 2.40 $ 2.23 Earnings per share Check my work 5 Exercise 13-8 Part 1 4 (4-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 15 1 Compute days' sales uncollected Dayx Sales Uncollected Choose Denominatori Chi Numerator M Days - Days Sales Uncollected Days Sales Uncollected days dy Current Yr: 1 Yr Ago: x Required 16 > Check my work 5 Exercise 13-8 Part 1 Part 1 of 4 (1a) Compute days sales uncollected (-b) For each ratio, determine if it improved or worsened in the current yet. 111 pour Complete this question by entering your answers in the tabs below. Required LA Required 18 Pin For each ratio, determine if it improved or worsened in the current year Dursuncocted quired 1A Improved Worsened MC Gia