HOUT (The following information apples to the questions displayed below.) Simon Company's year-end balance sheets follow Current Y 1 YAO 2 Yes 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 Common stock, sie par value Retained earnings Total liabilities and equity $ 35,93e 89,500 114,000 12.537 385,637 $ 640,684 $ 45,505 5 45,560 62,100 50,9ee 84.ee 58,000 11,945 5,062 348, 195 287, 278 $ 552.245 $ 446,8 $ 154,296 224,047 162,50 289,762 $ 640,604 $ 95,129 $ 60, 747 130,827 101,795 162,500 162,50 162,789 121,848 5 552,245 $ 446, see 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 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current $832,785 5587,999 258,163 14,157 10,826 791,145 $ 41,54 s 2.56 1 Yr Ago $ 657,172 $427,162 166,265 15,115 9,858 618,400 $ 38,772 $ 2.39 (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 1B Compute days' sales uncollected. Days Sales Uncollected Choose Denominator: Choose Numerator: x Days = Days' Sales Uncollected Days' salos uncollected o days 0 days Current Yr. 1 Yr Ago: X Required 1B > 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 Common stock, sie par value Retained earnings Total liabilities and equity $ 38,930 99,500 114,000 12,537 385,637 $ 640,684 $ 45,5055 45,560 62, 100 50,900 84,500 58,000 11,945 5,062 348,195 287,278 $ 552,245 $ 446,800 $164,296 124,847 162,5ee 189,761 $ 640, 604 $ 96,129 $ 60,747 130,827 101.705 162,500 162,500 162,789 121,848 $ 552,245 $ 446,800 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 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 832,785 $ 507,999 258,163 14,157 10,826 791,145 41,640 5 2.56 1 yr ago $ 657,172 $427,162 166, 265 15,115 9,858 618,400 $ 38,772 $ 2.39 (1-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 1A Required 15 For each ratio, determine if it improved or worsened in the current year, Days' salos uncollected equired 1A He Improved Worsened
