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I do not understant how to answwer this question. Homework 7 i Saved Help Save & Exit Submit Check my work 4 (1-a) Compute days'

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Homework 7 i Saved Help Save & Exit Submit Check my work 4 (1-a) Compute days' sales uncollected. Part 1 of 4 (1-b) For each ratio, determine if it improved or worsened in the current year. 2.14 Complete this question by entering your answers in the tabs below. points Required 1A Required 1B eBook Hint Compute days' sales uncollected. Print Days' Sales Uncollected Choose Numerator: / Choose Denominator: X Days = Days' Sales Uncollected X = Days' Sales Uncollected Current Yr: X 0 days 1 Yr Ago: x 0 days Mc Graw Hill Homework 7 i Saved Help Save & Exit Submit Check my work P Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Part 1 of 4 Cash $ 34,869 $ 40, 759 $ 40, 808 Accounts receivable, net 89,300 62,206 50,106 Merchandise inventory 110,000 84,000 54,000 Prepaid expenses 11, 229 10,699 4,534 2.14 Plant assets, net 328,393 296,989 250, 758 points Total assets $ 573, 791 $ 494,647 400, 200 Liabilities and Equity Accounts payable $ 147, 160 $ 86, 103 $ 54, 411 eBook Long-term notes payable secured by mortgages on plant assets 111, 109 117, 182 91, 098 Hint Common stock, $10 par value 162, 500 162,500 162, 500 Retained earnings 153, 022 128, 862 92, 191 Print Total liabilities and equity $ 573, 791 $ 494, 647 $ 400, 200 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 745,928 $ 588, 630 Cost of goods sold $ 455, 016 $ 382,610 Other operating expenses 231, 238 148,923 Interest expense 12, 681 13, 538 Income tax expense 9 , 697 8,829 Total costs and expenses 708, 632 553,900 Net income 37,296 34,730 Earnings per share 2.30 2.14 Mc Graw Hill

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