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 Current Year 1 Year Ago 2 Years Ago $ 34,548 89,200 114,000 11,125 348,629 $ 597,502 Long-term notes payable Common stock, $10 par value Retained earnings $ 145,802 110,084 162,500 179,116 Total liabilities and equity $ 597,502 $ 40,383 $ 42,495 63,000 84,500 10,601 316,604 $ 515,088 $ 85,309 116,101 162,500 51,800 58,000 4,722 280,983 $ 438,000 $ 56,660 94,862 162,500 123,978 151,178 $515,088 $ 438,000 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 Current Year Sales $ 776,753 Cost of goods sold $473,819) Other operating expenses 240,793 Interest expense Income tax expense 13,205 10,098 Total costs and expenses 737,915 Net income $ 38,838 Earnings per share $2.39 1 Year Ago $ 612,955 $ 398,421 155,078 14,098 9,194 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. 576,791 $ 36,164 $2.23 9 < Prev 6 7 8 9 of 19 Next > Complete this question by entering your answers in the tabs below. Required IA Required 18 Compute days' sales uncollected. Current Year: 1 Year Ago: Numerator: Days' Sales Uncollected Denominator: Days Days' Sales Uncollected = Days' sales uncollected days days Required A Required 10 > Complete this question by entering your answers in the tabs below. Required 1A Required 18 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected