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, net 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 $ 31,863 89,900 112,000 10,261 285,435 $ 529,459 $ 37,245 $ 37,655 62,100 50,100 83,000 55,000 9,777 4,184 264,308 225,961 $ 456,430 $ 372,900 $ 134,472 $ 78,679 $ 50,207 101,529 162,500 130,958 $ 529,459 107,078 84,059 162,500 162,500 108,173 76,134 $ 456,430 $ 372,900 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: 1 Yr Ago $ 543,152 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 Yr $ 688,297 $ 419,861 213,372 11,701 8,948 653,882 $ 34,415 $ 353,049 137,417 12,492 8,147 511,105 32,047 $ Earnings per share $ 2.12 $ 1.97 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Required 1A Required 1B Compute days' sales uncollected. Choose Numerator: Days' Sales Uncollected 1 Choose Denominator: 1 Days Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days / II Current Yr: 1 Yr Ago: 1 = (2-a) Compute accounts receivable turnover. (2-b) 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 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: = 1 Choose Denominator: 1 Accounts Receivable Turnover Accounts receivable turnover times times 1 Current Yr: 1 Yr Ago: 1 = (3-a) Compute inventory turnover. (3-b) 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 3A Required 3B Compute inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: = Inventory Turnover 1 II Inventory turnover 1 = Current Yr: 1 Yr Ago: times times = (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 4B Compute days' sales in inventory. Choose Numerator: Days' Sales In Inventory I Choose Denominator: 1 Days Days' Sales In Inventory Days' sales in inventory 0 days 0 days / Current Yr: 1 Yr Ago: / 11