Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current YT 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 notos payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9.375 5,000 255,000 230, 500 $ 445,000 $ 377,500 $ 129,900 $ 75,250 51,250 98,500 163,500 131, 100 $ 523,000 101,500 83,500 163,500 163,500 104,750 79,250 $ 445,000 $ 377,500 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 expenso Total costs and expenses Net income Current Ye $673,500 $411,225 209,550 12, 100 9,525 642,400 $ 31, 100 1 Yr Ago $ 532,000 $345,500 134,980 13,300 8,845 502,625 $ 29,375 A Complete this question by entering your answers in the tabs below. Required 1A Required 18 Compute days' sales uncollected Days Sales Uncollected Choose Denominator Choon Numaraton Day 1 Current Yr: 1 Yr Ago: Days' Sales Uncollected Days' Sales Uncollected days days 2 1 X (1-a) Compute days' sales uncollected. (1-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 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Daya salan uncollected