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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 31,800 89,500 $ 35,625 $ 37,800 112,500 10,700 278,500 62,500 82,500 9,375 255,000 $ 445,000 $ 377,500 50,200 54,000 5,000 230,500 $ 523,000 $ 129,900 $ 75,250 $ 51,250 98,500 163,500 101,500 163,500 83,500 163,500 131,100 104,750 79,250 $ 523,000 $ 445,000 $ 377,500 $673,500 Other operating expenses The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Current Yr $411,225 209,550 1 Yr Ago $ 532,000 Interest expense 12,100 Income tax expense 9,525 $345,500 134,980 13,300 8,845 Total costs and expenses 642,400 502,625 Net income $ 31,100 $ 29,375 Earnings per share $ 1.90 $ 1.80 (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 1A Required 1B Compute days' sales uncollected. Current Yr: 1 Yr Ago: Days' Sales Uncollected Choose Numerator: Choose Denominator: x Days Days' Sales Uncollected x Days' Sales Uncollected x = 0 days x = 0 days For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Deamised 4R