Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For both the current year and one year ago, compute the following ratios: he company's income statements for the current year and one year ago follow. Assume that all sales are on credit (1.a) Compute doys' sales uncollected (1-b) Determine if days' soles uncolected improved of worsened in the current year (2-a) Compute accounts receivable turnover (2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current yoar. (3-a) Compute invemory turnover. (3-b) Determino if inventory turnover ratio improved or worsened in vie current year: (4-a) Compute deyr' sales in inventory. (4-b) For esch ratio, determine if days' sales in inventory improved or worsened in the current year: Complete this question by entering your antwers in the tabs below. (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 turnovet: (3-b) Determine if inventory turnover ratio improved or worsened in the current yeat. (4-a) Compune days' sales in inventory (4-b) For each ratio, determine if disy's sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days sales uncollected