Exercise 13-9 (Algo) Analyzing and interpreting liquidity LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 30,809 $ 36,013 $ 36,057 Accounts receivable, net 89,400 62,600 50,400 Merchandise inventory 114,000 82,500 57,000 Prepaid expenses 9,922 9,453 4,006 Plant assets, net 262, 847 246,484 206,137 Total assets $ 506,978 5 437,850 $ 353,600 Liabilities and Equity Accounts payable $ 130,025 $ 76,077 $ 48,075 Long-term notes payable 98,171 103,537 80,490 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 116,282 94,936 62,535 Total liabilities and equity $ 506,978 $ 437,050 $ 353,689 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 659,071 $ 520,090 Cost of goods sold $ 402,033 $ 338,059 Other operating expenses 284,312 131,583 Interest expense 11,204 11,962 Income tax expense 8,568 7,801 Total costs and expenses 626,117 489, 405 Net income $ 32,954 $ 30,685 Earnings per share $ 2.03 $ 1.89 Exercise 13-9 (Algo) Part 1 (1-a) Compute days' soles uncollected it-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. Required 1A Required 18 Compute days' sales uncollected. Days Sales Uncollected Choose Denominator: Choose Numerator Days - Days Sales Uncollected Days'sales collected o days days Current Yr 1 Yr Ago Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected