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Required information Exercise 17-8 Analyzing and interpreting liquidity LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow.

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Required information Exercise 17-8 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 11 Ago 2 Yrs $ 35, 453 89,700 114,500 At December 31 Assets Cash Accounts receivable, te Merchandise investor Prepaid expenses Plant sets, Total assets tasbilities and quity Accounts payable Long-tantes parabe secured by mortes en plet sets Common stock, $10 par value 5 41, 441 $ 41, 492 62, 900 50, 100 85 000 56,000 10, 878 4.610 302.709 252 698 $ 502, 929 $ 406, 900 332, 326 5583, 396 $149, 624 $ 87,548 $ 55, 322 112,969 162,500 158 303 $583, 396 119, 144 92, 623 162 500 162, 500 133, 739 98. 456 $502,928 $ 406, 900 The company's income statements for the current Year and 1 Year Ago, follow. Assume that all sales are on credit Coat of wood so 5 $ 599, 454 5 Current Y $ 758, 436 462, 633 235, 109 12, 893 2,359 220, 404 3 31,92: 389, 015 151, 416 13,765 Total cosa 563.113 $ 35,111 1 Exercise 17-8 Part 1 11-a) Compute days sales uncollected (1-b) For each ratio, determine improved or worsened in the current year Complete this question by entering your answers in the tabs below, here to search Required information 19-a) Compute days sales unconected. (1-6) 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 Aquired 10 Compute day sales collected Days Sales Uncollected Choose Denominator Choose Numerator Days Current ye 1 Ye Ago: Days' Sales Uncollected Das Sales Uncollected O days o days Required 10 > Exercise 17-8 Part 1 (1-0) 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 15 For each ratio, determine if it improved or worsened in the current year Da' uncollected

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