! Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current YE 1 yr Ago 2 Yrs Ago At December 31 Assets Canh Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total anseta 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 $ 32,305 89,500 111,500 10,403 298,415 $542,123 $ 37,762 $ 38,556 63,000 51,000 B4,000 55,000 9,912 4,284 272,673 236,760 $ 467,347 $ 385,600 $136,339 $ 79,771 $ 51,408 102,938 162,500 140,346 $542,123 108,565 86,070 162,500 162,500 116,511 85,622 $ 467,347 $ 385,600 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 Cont of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Not Income Earnings per share Current YE $ 704,760 $ 429,904 218,476 11,981 9,162 669,523 $ 35,237 2.17 1 yr ago $ 556,143 $361,493 140,704 12,791 8.342 523,330 $ 32,013 5 2.02 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 10 Compute days' sales uncollected. Choose Numerator: Days Sales Uncollected Choose Denominator Days Accounts receivables, net 11 Net sales X $ Current Yr: 1 Yr Ago: Days Sales Uncollected Days' Sales Uncollected 39,5 days 37.4 daya 76,250 1 57.000 11 $ S 3450 - 365 365 704,760X 556,143 X Rad 1 Required 18 >