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Simon Company's year-end balance sheets follow Current Yr Yr AR 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 $36,769 89,000 110,000 11,841 375,588 $ 623,198 $ 42,979544,322 62,689 51,900 54,500 59,000 11,282 4,925 335,879 287,553 $ 537,240 5 447,700 $ 155,176 S 90,794 S 59,096 117,161 162,500 188,361 $ 623,198 123,565 98,942 162,589 162,500 160, 381 127, 162 $ 537,240 $ 447,700 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 Earnings per share Current Yr $ 810,157 $ 494, 196 251,149 13,773 10,532 769,650 S40,507 $ 2.49 1 Yr Ago $ 639, 316 5415,555 161,747 14,784 9,590 601,596 $ 37,720 $ 2.32 (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 10 Compute days' sates uncollected. Choose Numerator: Days Sales Uncollected 1 Choose Denominator: * Days x Current Yr: Days' Sales Uncollected Days' Sales Uncollected days days 1 Yr Ago: Roquod Required 18 > Complete this question by entering your answers in the tabs below. Required 1A Required 18 For each ratio, determine if it improved or worsened in the current year. Days sales uncollected (4-a) Compute days' sales in inventory (4-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 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days sates in inventory