Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 36,716 89,500 113,500 11,824 352,646 $ 684,186 $ 42,918 62,000 84,500 11,266 320,166 $ 528,858 $ 98,664 123,389 162,500 144,297 Accounts payable $ 154,956 Long-term notes payable Common stock, $18 par value Retained earnings 116,995 162,580 169,735 Total liabilities and equity $ 684,186 $ 528,850 $ 42,978 51,100 51,000 4,774 271,556 $ 421,480 $ 57,294 95,923 162,500 105,683 $ 421,400 The company’s income statements for the current year and one 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 incone Earnings per share Current Year $ 785,442 $ 479,128 243,487 1 Year Ago $ 619,812 13,353 18,211 746,171 $39,271 $ 482,878 156,812 14,256 9,297 583,243 $ 36,569 $ 2.25 $ 2.42 (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 Compute days' sales uncollected. Current Year: 1 Year Ago: Days' Sales Uncollected Numerator: Denominator: X Daya = Days' Sales Uncollected = x = Days' sales uncollected days days