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help simon Lompanys year-ena dalance sneets rollow. For both the current year and one year ago, compute the following ratios: The company's income statements for
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simon Lompanys year-ena dalance sneets rollow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on crec (1-0) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable tumover (2-b) Determine if accounts receivable turnoverratio improved or worsened in the current year (3-a) Compute inventory turnover. (3-b) Determine if inventory tumover ratio improved or worsened in the current year (4-a) Compute days' sales in inventory, (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales uncollected Step by Step Solution
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