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 $ 32,300 89,500 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Common stock, $18 par value Long-term notes payable Retained earnings Total liabilities and equity 110,500 10,402 315,922 $ 558,624 $136,315 102.921 162,590 156,888 5 558.624 $ 37,755 62,800 84,000 9,911 287, 106 $481,572 $ 79,758 108, 546 162,500 130, 768 $481,572 $ 39,730 50,900 54,000 4,414 260,456 $ 409,500 $ 52,973 88,690 162,500 105,337 $ 409,500 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 Current Yean 442,989 225 125 12.346 9.441 3726,211 1 Year Ago 3 573,071 4 372,496 144,987 13,181 8.596 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 6891901 B 36,319 $ 2.2 539,260 $ 33,811 $ 2.08 ces (4-a) Compute days' sales in Inventory. (4-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 4A Required 4B Compute days' sales in inventory. Current Year: 1 Year Ago: Days' Sales In Inventory Numerator: Denominator: X Days = Days' Sales In Inventory Days' sales in inventory days days Required 4B > Complete this question by entering your answers in the tabs below. Required 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory < Required 4A