Required information (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, ne Total assets 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 $ 29,247 89, 200 113,500 9,419 249,440 $ 490,806 $ 34,187 $ 34,907 62,100 50,100 84,500 54,000 8,974 3,879 233, 348 206,214 $ 423,109 $ 349, 100 $ 123,433 $ 72,220 $ 46,542 93,194 162,500 111,679 $ 490,806 98,288 77,923 162,500 162,500 90,101 62,135 $ 423, 109 $ 349,100 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 Earnings per share Current Yr $ 638,048 $ 389,209 197,795 10,847 8,295 606, 146 $ 31,902 1 Yr Ago $ 503,500 $ 327,275 127,386 11,581 7,553 473,795 $ 29,705 $ 1.83 $ 1.96 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days Days' Sales Uncollected Days' Sales Uncollected 0 days X Current Yr: 1 Yr Ago: X - 0 days Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover 1 = 1 = times Current Yr: 1 Yr Ago: times Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover Required 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Numerator: I Choose Denominator: = Inventory Turnover Inventory turnover 1 Current Yr: 1 Yr Ago: times times Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory. Choose Denominator: Choose Numerator: 1 Days / Days' Sales In Inventory Days' sales in inventory 0 days 0 days Current Yr: 1 X 1 Yr Ago: 1 = Complete this question by entering your answers in the tabs below. Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory