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 I Accounts payable, Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago $ 29,380 $ 34,343 62,600 89,900 112,000 9,461 262,258 83,500 9,015 244,162 $ 502,999 $ 433,620 Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 123,994 93,618 162,500 122,887 $ 502,999 Current Year $ 72,549 98,735 162,500 99,836 $ 433,620 $ 398,878 202,709 11,116 8,501 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 31 Sales Cost of goods sold i Other operating expenses $ 653,899 621,204 $ 32,695 $2.01 2 Years Ago $ 35,774 50,800 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. 56,000 3,975 218,451 $365,000 $ 47,698 79,858 162,500 74,944 $365,000 1 Year Ago $ 335,405 130,550 11,868 7,740 $ 516,008 485,563 $ 30,445 $ 1.87 es (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 Year: 1 Year Ago: Numerator: Days' Sales Uncollected Denominator: = W W Days' Sales Uncollected. Days' sales uncollected days days 5 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 es (3-a) Compute inventory turnover. (3-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 3A Required 3B Compute inventory turnover. Current Year: 1 Year Ago: Numerator: Inventory Turnover 1 1 Denominator: ces (3-a) Compute inventory turnover. (3-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 3A Required 38 For each ratio, determine if it improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (4-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 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory