Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,453 89,100 112,000 8,519 212,291 $ 448, 363 $ 30,922 62,900 82,000 8,117 202,581 $ 386,520 $ 31,888 51,700 56,000 3,543 178,969 $ 322, 100 $ 111,642 84,292 162,500 89,929 $ 448,363 $ 65, 322 88,900 162,500 69,798 $ 386,520 $ 42,517 71, 184 162,500 45,899 $ 322, 100 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 income Earnings per share Current Year $ 582,872 $ 355,552 180,690 9,909 1 Year Ago $ 459,959 $ 298,973 116,370 10,579 6,899 432, 821 $ 27,138 $ 1.67 7,577 553, 728 $ 29, 144 $ 1.79 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-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 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Numerator: Denominator: Il Accounts Receivable Turnover = Accounts receivable turnover Current Year: II 0 times 1 Year Ago: = 0 times (2-a) Compute accounts receivable turnover. (2-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 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover