! Required information Exercise 13-9 (Algo) 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 35,715 89,400 114,000 11,501 348,728 $599,344 $ 41,747 $ 42,626 62,300 50,100 82,500 58,000 10,959 4,736 319,170 270,838 $ 516,676 $ 426,300 $ 150,729 113,803 162,500 172,312 $599,344 $ 88,191 $ 56,834 120,024 95,154 162,500 162,500 145, 961 111,812 $ 516,676 $ 426,300 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: 1 Yr Ago $ 614,844 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 $ 779, 147 $ 475,280 241,536 13, 245 10,129 740,190 $ 38,957 $ 399,649 155,556 14,141 9, 223 578,569 $ 36,275 Earnings per share $ 2.40 $ 2.23 Exercise 13-9 (Algo) Part 1 (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 1B Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days = Days' Sales Uncollected Days' sales uncollected days days Current Yr: / = 1 Yr Ago: / =