Me Map/indexhtml?con..contextemal browser=0&launchurahttps: 253A%252F%252Felearning O apter 13 Homework med Hete 8 The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. naota Current Y 1 Y Ngo Trgo At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Dlant assets, et Total acts Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages en plant annet Common stock. $10 par value Retatud sarnings Total liabilities and equity $ 25,847 89.200 111.500 8,323 207,692 5442,502 s 30,212 531,471 62,500 52.000 52 500 59,000 2.931 3,497 198,124 175.132 5 301, 467 5 321, 100 ook $109,001 $63,823 $ 41,961 Print merences 52, 358 162,500 88,563 $442, 502 86.960 70,253 162,500 162.500 68,284 56.306 $ 301,467 5 521,100 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 5 453.946 Cast of goods sold Other operating expenses Interest experts Income tax expense Total costs and expenses Net Income Earnings per share Current y $575,253 5.350.900 178, 320 9,279 7.470 546.489 $28.764 5 1.77 9:299,065 114.048 110,441 6.809 423,163 $ 26,785 5 ere to search C ED 8 Earnings per share 1.65 4 of 4 Exercise 13-8 Part 4 (4-a) Compute days' sales in inventory (4-6) For each ratio, determine if it improved or worsened in the current year, Book Complete this question by entering your answers in the tabs below. ences Required 4A Required 4B Compute days' sales in inventory. Choose Numerator: Days Sales Inventory Choose Denominator 1 X Days 1 X Current Yr: 1 Yr Ago: Days Sales inventory Days' sales in inventory dalys days x red Required 48 > re to search o IT 2 3.99 1. 1.69 t 4 of 4 Exercise 13-8 Part 4 (4-a) Compute days' sales in inventory (4-b) For each ratio, determine if it improved or worsened in the current year BOOK Complete this question by entering your answers in the tabs below. Punt rences Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year Days sales inventory ere to search C - G 38