! Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 38,450 89,500 111,500 12,382 380,887 $632,719 $ 44,945 $ 44,999 62,400 51,900 82,500 60.000 11,798 5,000 343,804 279,401 $ 545,447 $441,300 Total assets $ 162,273 $ 94,946 $ 59,999 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 ,520 162,500 185,426 $632,719 129,216 100,453 162,500 162,500 158, 785 118,348 $ 545,447 $441,300 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 Current Yr $ 822,535 $ 501, 746 254.986 13,983 10,693 781, 408 1 Yr Ago $ 649,082 $ 421,903 164,218 14,929 9.736 610,786 $ 38,296 $ 41,127 $ 2.53 $ 2.36 Earnings per share 10.693 9,236 Interest expense Income tax expense Total costs and expenses Net income 781,400 $ 41,127 610,786 $ 38,296 $ 2.53 2.36 $ Earninge per share (1-a) Compute days' sales uncollected, (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 1A Required 18 Compute days' sales uncollected X Days' Sales Uncollected 1 Choose Denominator: Net sales Days x 365 Days' Sales Uncollected Days' Sales Uncollected = Choose Numerator: 'Accounts receivables, net = o days 1 0 days Current Yr: X 1 Yr Ago: Required 18 > Required nterest expense Income tax expense Total costs and expenses 13.983 10,693 14.929 9,736 781,408 610,786 $ 38,296 Net income $ 41,127 Earnings per share $ 2.53 $ 2.36 (1-a) Compute days' sales uncollected. (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 1A Required 18 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Worsened Required 10