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 $ 29,933 89, 100 113,500 9,640 275, 526 $517,699 $ 34,989 $ 36,819 62,800 51,400 85,000 58,000 9,185 4,091 254,318 229, 190 $ 446,292 $ 379,500 $126,329 $ 73,915 $ 49,092 95,381 100,594 82,192 162,500 162,500 162,500 133,489 109,283 85,716 5517,699 $ 446,292 $ 379,500 05 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 Current Yr 1 Yr Ago Sales $ 673,009 5 531,087 Cost of goods sold $ 410,535 $ 345,207 Other operating expenses 208,633 134,365 Interest expense 11, 441 12,215 Income tax expense 8,749 2,966 Total costs and expenses 639, 358 499,753 Net income $ 33,651 $ 31,334 Earnings per share $ 2.07 $ 1.93 (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. Days Sales In Inventory Choose Denominator: Choose Numerator: x Days 1 Days' Sales In Inventory Days' sales in inventory days days Current Yr: 1 Yr Ago: X ( P Cultu H Required 4B >