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need help with required 4A and 4B Exercise 13-8 Analyzing and interpreting liquidity LO P3 [The following information applies to the questions displayed below] Simon

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Exercise 13-8 Analyzing and interpreting liquidity LO P3 [The following information applies to the questions displayed below] 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 37,366 89,500 114,500 12,033 367,497 $ 620,896 43,677 $ 44,159 62,800 51,400 83,000 57,000 11,465 4,907 334,313 279,834 $ 535,255 $437, 300 $ 157,695 $ 92,267 $ 58,878 119,063 162,500 181,638 $ 620,896 125,571 98,576 162,500 162,500 154,917 117,346 $ 535,255 $ 437,300 181,638 Retained earnings Total liabilities and equity 154,917 117,346 $ 535,255 $ 437,300 $ 620,896 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Current Yr $ 807,165 $ 492,371 250,221 13,722 10,493 766,807 $ 40,358 1 Ye Ago $636,953 $ 414,019 161,149 14,650 9,554 599,372 $ 37,581 5 2.48 $ 2.31 Earnings per share 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. Comnlete this alloctinn hu entering vnur answers in the tahe holow (4-a) Compute days' sales in inventory, (4-6) 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 4A Required 4B Compute days' sales in inventory Days Sales In Inventory Choose Denominator: Choose Numerator: 1 X Days Days' Sales In Inventory Days' sales in Inventory x Current Yr: 1 Yr Ago: X days days Required 48 > (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory

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