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Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago

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Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 34,579 89, 300 114,000 11, 136 349, 032 $598,047 $ 40,420 $ 42,534 62,500 51,700 82,500 56,000 10,610 4,726 319,528 283,440 $ 515,558 $ 438, 400 $145,935 $ 85, 387 $ 56,711 110, 184 162,500 179,428 $598,047 116, 207 94,949 162,500 162,500 151,464 124,240 $ 515,558 $ 438, 400 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 Other operating expenses Interest expense Income tax expense Current Yr $ 777,461 $ 474,251 241,013 13,217 10, 107 1 Yr Ago $ 613,514 $ 398,784 155, 219 14,111 9,203 credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 777, 461 $ 474,251 241,013 13,217 10, 107 738,588 $ 38,873 $ 2.39 1 Yr Ago $ 613,514 $ 398,784 155,219 14,111 9,203 577,317 $36, 197 $ 2.23 (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. Days Sales Uncollected Choose Denominator: Choose Numerator: Days XX Days' Sales Uncollected Days' Sales Uncollected days days = 1 Current Yr: 1 Yr Ago: $ 474,251 241,013 13,217 10,107 $ 398,784 155,219 14, 111 9,203 Cost of goods sold Other operating expenses Interest. expense Income tax expense Total costs and expenses Net income Earnings per share 738,588 $ 38,873 $ 2.39 577,317 $ 36,197 $ 2.23 (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 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected

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