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 $ 36,819 $ 43,038 $ 43,512 89,600 62,600 51,600 112,500 82,000 52,000 11,857 11,297 4,835 361,034 328,487 278,953 $611,810 $527,422 $430,900 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 $155,388 $ 90,917 $ 58,016 117, 321 123,733 97,133 162,500 162,500 162,500 176,601 150, 272 113,251 $611,810 $527,422 $430,900 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended Current Yr December 31 Sales $795, 353 Cost of goods sold $485,165 Other operating 246,559 expenses Interest expense 13,521 Income tax expense 10, 340 Total costs and expenses 755, 585 Net income $ 39,768 Earnings per share $ 2.45 1 Yr Ago $627,632 $407,961 158,791 14,436 9,414 590,602 $ 37,030 $ 2.28 (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 Required 1A 1B Compute days' sales uncollected. Days' Sales Uncollected Days' Sales Choose Numerator: 1 Choose Denominator: x Days = Uncollected Days' Sales Uncollected Current Yr: X days 1 Yr Ago: X days Complete this question by entering your answers in the tabs below. Required Required 1A 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected