Required information (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Common stock, $10 par value Long-term notes payable Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 44,364 $ 43,987 75,376 $ 37,585 108,933 138,306 11,985 327,737 $624,546 $ 153,957 113,892 97,612 11,420 309,630 $ 538,402 $ 89,170 122,594 58,649 60,000 4,935 268,029 $ 435,600 $ 56,924 98,193 163,500 163,500 162,500 193,197 163,138 117,983 $624,546 $538,402 $435,600 For both the current year and one year ago, compute the following ratios: 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 Current Year $ 811,910 1 Year Ago $ 640,698 Cost of goods sold $495,265 Other operating expenses 251,692 Interest expense 13,802 Income tax expense 10,555 $ 416.454 162,097 14,736 9,610 Total costs and expenses Net income 771,314 $ 40,596 682,897 37,801 Earnings per share $ 2.50 $2.33 1-a) Compute days' sales uncollected. 1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 2B Required 3A Required 38 Required 4A Required 48 Compute days' sales uncollected. Days' Sales Uncollected Numerator: Denominator Days Days' Sales Uncollected Days' sales uncollected 0 days Current Year: 0 days 1 Year Ago: Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 28 Required 3A Required 38 Required 4A Required 48 Compute accounts receivable turnover. (Round your answers to the nearest whole number.) Accounts Receivable Turnover Current Year: 1 Year Ago: Numerator: Denominator: Accounts Receivable Turnover Accounts receivable turnover O times 0 times Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Required 4A Required 48 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 0 days 0 days