Help Save & Exil Subm Check my work Exencies Chapter 170 10 25 D (the following manon appees to the questions aspayed below Simon Company's year end balance sheets follow At December 31 Assets Cash Accounts receivable, t Merchandise inventory Prepaid expenses Plant assets, net Total assets Gurrest Year 1 Year Ago Years $ 11,000 $35,625 537,000 89,50 62,580 50,00 112,500 82.500 54,000 18,700 9,375 5,000 270,500 255,800 238,508 $525,000 $445,000 $377,500 Accounts payable $ 129,900 $75,250 551,250 Long-ters nates payable 191,500 83,580) Connon stock, ste par value 163,500 163,500 163,580 Retained earnings 131,100 104,750 79,250 Tetal Liabilities and equity $ 523,000 5445,000 $377,500 Liabilities and Equity PU 411,225 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 Sales Cost of goods sold Current Year 1 Year Ago 5673,500 5 532,800 Other operating expenses 209,550 5345,500 134,958 Interest expense 12.100 13,300 Income tax expense 9,525 8,845 Tatal casts and expenses 647,400 Net incone $ 31,100 582,625 129,375 Earnings per share $1.90 $1.00 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. Required 1A Required 15 Compute days' sales uncollected. Current Year: 1 Year Ago: Days' Sales Uncollected Numerator Denominator Days Days' Sal Days' sal < Previ 10 11 of 12 Next > Required 18>