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 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230,500 112,500 10,700 278,500 $ 523,000 $ 445,000 $ 377,500 $ 129,900 $ 75,250 $ 51,250 98,500 163,500 131,100 $ 523,000 101,500 163,500 104,750 83,500 163,500 79,250 $ 445,000 $ 377,500 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: Current Yr 1 Yr Ago For Year Ended December 31 Sales $673,500 $ 532,000 Cost of goods sold Other operating expenses $411,225 209,550 $345,500 Interest expense 12,100 Income tax expense 9,525 134,980 13,300 8,845 Total costs and expenses Net income 642,400 $ 31,100 502,625 $ 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 18 Compute days' sales uncollected. Current Yr: 1 Yr Ago: Days' Sales Uncollected Choose Numerator: Choose Denominator: Days 1 1 1 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Days' Sales Uncollected = Days' Sales Uncollected 0 days = 0 days