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I am really struggling with this one Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For

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Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. 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 credit (1- ) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-o) Compute accounts recelvable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. The company's income statements for the current year and one year ago follow. Assume that all sales are on credit. (1-a) Compute days' sales uncoliected (1-b) Determine if days' sales ancollected improved or worsened in the current yeat (2-0) Compute accounts receivable tumover (2-b) Determate if accounts recelwable turnover ratio inproved or worsened in the curnent year (30) Compute imventory furnover (3-b) Determine if imventoly tumover ratio improved or worbened in the current year (4-a) Compute doys" sales in inventory (4-b) For each satio, determine if days' sales in inwentory inproved or worsened in the current year Complete this question by entering your answers in the tabs below. Compinte days' saler uncollected

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