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plz help me with this qn thanks in advance (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current

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(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 $ 28,707 89,700 114,000 9,245 259,962 $ 501, 614 $ 33,556 $ 35,675 62,700 50,400 83,500 59,000 8,809 3,964 243,861 222,461 $ 432,426 $ 371,500 $ 121,155 $ 70,888 $ 47,567 91,474 162,500 126,485 $ 501, 614 96,474 79,638 162,500 162,500 102,564 81,795 $ 432,426 $ 371,500 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 Current Yr $ 652,098 $ 397,780 202, 150 11,086 1 Yr Ago $ 514,587 $ 334,482 130, 191 11,836 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 397,780 202, 150 11,086 8,477 $ 334,482 130, 191 11,836 7,719 619,493 32,605 $ 484, 228 $ 30,359 $ 1.87 $ 2.01 (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 4B Compute days' sales in inventory. Days' Sales In Inventory. Choose Denominator: Choose Numerator: 1 X Days 1 = X Days' Sales In Inventory Days' sales in inventory days days 1 Current Yr: 1 Yr Ago: 1 X =

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