Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago 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 122,520 162,500 185,426 129,216 100,453 162,500 162,500 158, 785 118,348 $ 545,447 $ 441,300 $632,719 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 Yx $ 822,535 $ 501,746 254,986 13,983 10,693 781,408 $ 41,127 1 Yr Ago $ 649,082 $ 421,903 164,218 14,929 9,736 610, 786 $ 38,296 $ 2.53 2.36 $ Earnings per share Net HU $ 2.53 2.36 Earnings per share (4-a) Compute days' sales in Inventory (4-6) 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 4A Required 48 Compute days' sales in inventory. X Days Choose Numerator: Days Sales In Inventory 1 Choose Denominator: 1 Cost of goods sold X 365 Ending inventory Days' Sales In Inventory Days' sales in inventory 0 days o days / Current Yr: x x 1 1 Yr Ago: Required 4B > BBM A