Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow: At December 31 Current Adelina Assata Cash $90.538 $3,697 16,990 Accounts receivable, net 89.300 62.900 32,000 Merchandise inventory 211,000 3.000 52.000 Prepaid expenses 9.834 9,370 1/010 Plant assets, bet 266,779 247,091 25.300 Total assets $507.451 $6358 5357. 400 Liabilities and Equity Accounts payable $120.882 75,409 410 420 Long-term notes payable secured by mortgages on plantas 97309 102/628 0,565 Common stock, 510 par value 162.500 162/ 500 162,500 Retained earnings 118.760 96.925 66,25 Total liabilities and equity $50 16375 37400 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on crede 1 $ 520,575 For Year Ended December 31 Sales Coat of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Currencer 65966 102.400 204.503 11,215 B.676 26.02 32,34 2005 3562874 134705 11973 109 8,61 30.714 RO (4-6) 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 4 Required 48 Compute days' sales in inventory. Days Days Sales In Inventory Choose Numerator Choose Denominator 1 4 7 X Current Yr 1 Yr Ago Days Sales inventory Days' salinitory 0 days olay * Required 48 )