Required information 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 Yn 1 Yr Ago 2 Yrs Ago $ 32,409 89,700 112,000 10,437 321 745 566,291 $ 37,883 $ 40,275 62,300 51, 100 82,000 53,000 9.944 4,475 296,055 270.550 $ 488,182 $ 419,400 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-teris notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 136,776 $ 80,28 % 53,700 103,269 162,500 163,746 $ 566,291 108,913 89,907 162,500 162,500 136, 741 113,293 S488,182 $ 419,400 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 coods sold Other operating expenses Interest pense Income tax expense Total costs and expenses Net Income Earnings per share Current Yr $ 736,178 $ 449,069 228,215 12,515 9,570 699,369 $ 36,809 $ 2.27 1 Ye RO $ 580,937 $ 377,689 146,977 13,362 3714 546,662 $ 34,275 $ 2.11 Required information 14 Complete this question by entering your answers in the tabs below. Required 1A Required 15 Compute days' sales uncollected Days Sales Uncollected Choose Denominator: Not Sales Choose Numerator Accounts recewablers.net Days x 385 Days' Sales Uncollected Days' Sales Uncollected o days o days - Current Yr: 1 Yr Ago: x FESTA Required 18 >