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 $ 29,351 $ 34,308 $ 34,687 89,300 111,500 9,452 248,112 62,500 83,500 9,006 231,130 50,300 58,000 3,854 196,659 $487,715 $ 420,444 $ 343,500 $123,870 $ 72,476 $ 46,249 93,524 162,500 107,821 $487,715 98,636 162,500 86,832 77,432 162,500 57,319 $420,444 $ 343,500 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 Other operating expenses Cost of goods sold Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 386,758 196,549 10,779 8,242 $ 634,030 1 Yr Ago $ 500,328 $ 325,213 126,583 11,508 7,505 602,328 $ 31,702 $ 1.95 470,809 $ 29,519 $ 1.82 (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: Choose Numerator: 1 Days' Sales Uncollected Choose Denominator: Days Days' Sales Uncollected x Days' Sales Uncollected = days x days