! Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 $ 31,578 91,523 112,772 10,068 289,283 $ 535,224 $ 37,281 64,596 87,066 9,689 262, 768 $ 461,400 $ 39,207 49,231 55,691 4,187 236, 184 $ 384,500 $ 131,938 99,616 162,500 141,170 $ 535,224 $ 77,977 107,183 163,500 112,740 $ 461,400 $ 49,739 84, 125 163,500 87,136 $ 384,500 The company's income statements for the current year and one 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 Earnings per share Current Year $ 695,791 $ 424,433 215,695 11,828 9,045 661,001 $ 34,790 1 Year Ago $ 549,066 $ 356,893 138,914 12,629 8,236 516,672 $ 32,394 $ 2.14 $ 1.99 (1-a) Compute days' sales uncollected. Required information Total costs and expenses Net income Earnings per share 661,001 $ 34,790 516,672 $ 32,394 $ 1.99 $ 2.14 (1-a) Compute days' sales uncollected. (1-1) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year, (3-a) Compute inventory turnover. (3-6) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 3B Required 4A Required 4B Compute days' sales uncollected. Days' Sales Uncollected Denominator: Numerator: Days xxx Days' Sales Uncollected Days' sales uncollected O days Current Year: 0 days 1 Year Ago: Required 1A Required 1B > Required information 661,001 $ 34,790 Total costs and expenses Net income Earnings per share 516,672 $ 32,394 $ 1.99 $ 2.14 (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-6) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory (4-6) For each ratio, determine if duys' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 48 Required 28 Required 4A Required 2A Required 3A Required 38 Required 1A Requiret 18 Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected Required information (1-a) Compute days' sales uncollected. (1-5) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory (4-6) For each ratio, determine if days' sales in Inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Required 1A Required 18 Required 28 Required 3A Required 38 Required 2A Compute accounts receivable turnover. (Round your answers to the nearest whole number.) Accounts Recolvable Turnover Denominator: Numerator: Accounts Receivable Turnover Accounts receivable turnover O limes Current Year: o times 1 Year Ago: Required information (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. 12-b) Determine if accounts receivable turnover ratio improved or worsened in the current year, (3-a) Compute inventory turnover. (3-6) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 3A Required 38 Required 4A Required 48 Required 1A Required 1B Required 2A Required 2B Determine if accounts receivable turnover ratio improved or worsened in the current year, Accounts receivable turnover Required information (1-a) Compute days' sales uncollected. (1-1) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year, (3-a) Compute inventory turnover. (3-6) Determine if Inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 3B Required 4A Required 4B Required 1B Required 2A Required 1A Required 2B Required 3A Compute inventory turnover. (Round your answers to the nearest whole number.) Inventory Turnover Denominator: Numerator: Inventory Turnover Inventory turnover o times Current Year: O times 1 Year Ago: Required information (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2.b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3.a) Compute Inventory turnover. (3-1) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year, Complete this question by entering your answers in the tabs below. Required 4B Required 3A Required 2B Required 24 Required 4A Required 1A Required 1B Required 2A es Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover Required 4A > Required information (1-a) Compute days' sales uncollected. (1-6) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-6) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover (3-6) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 4 Reggired 4B Required 3A Required 38 Required 1A Required 18 Required 2A Required 28 ces For each ratio, determine if days' sales in Inventory improved or worsened in the current year. Days' sales in inventory Required information (1) Debt and equity ratios. (2) Debt-to-equity ratio. (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute debt-to-equity ratio for the current year and one year ago Numerator: Debt-To-Equity Ratio 1 Denominator: 1 = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 1 Current Year: = / 11 1 Year Ago: O to 1 Required information ror rear Enaea vecember 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income current rear $ 695,791 $ 424, 433 215,695 11,828 9,045 661,001 $ 34,790 $ 2.14 1 year ago $ 549,066 $ 356,893 138,914 12,629 8.236 516,672 $ 32,394 $ 1.99 Earnings per share For both the current year and one year ago, compute the following ratios: (1) Debt and equity ratios. (2) Debt-to-equity ratio. (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? for creditors in the current year versus one year ago Based on times interest earned, the company is