Required Information The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Year Your Apar At December 31 Assets Cash Accounts receivable, net $30,20 90,236 $35,672 $38,296 64,318 51,567 Perchandise inventory i 112,332 $3,325 $4,930 Prepaid expenses 10,126 9,364 4,129 Plant assets, net 278,953 257,729 234,07 Total assets Liabilities and Equity S522,475 $450, Accounts payable $132,698 $76,8 $52,073 Long-term notes payable 98,225 161,594 82.950 Common stock, $10 par vale 162,500 162,500 161,500 Betaled earnings 129,00 107,434 4,477 Total liabilities and equity $522,47 $450,408 $83,660 For both the current year and one year ago, compute the following ratios 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 12 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net incons Earnings per share urit Year Year $679,215 $535,986 $414,321 $348,391 210,557 11,547 8,838 135,604 12,328 1,040 645,255 $ 13,sce 504,363 $31,62 $2.09 $1.95 (1-a) Compute days sales uncollected (1-b) Determine if days' sales uncollected improved or worsened in the current year (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year (3-al Compute Inventory turnover (3-b) Determine if inventory turnover ratio improved or worsened in the current year (4-a) Compute days' sales in Inventory (4-b) For each rato, determine if days sales in Inventory Improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required IA Required 10 Required ZA Required 20 Required A Required 28 Compute days' sales uncollected Numerator Prys Sales Uncollected Denominator Accounts receivables, not et sales Current Year 1 Year Ago 175 $ Days 305 Days Sales Unconfected Days sales uncollected 878215 $35,500 days days Required 18>