Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 25,863 89,500 114,000 8,329 205,085 $ 442, 777 $ 30,231 62,600 82,000 7,936 198,937 $ 381,704 $ 31,491 51,800 59,000 3,499 175,510 $ 321,300 $ 109, 149 82,410 162,500 88,718 $ 442,777 $ 63,863 86,914 162,500 68,427 $ 381,704 $ 41,987 70,297 162,500 46,516 $ 321,300 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 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 575,610 $ 351, 122 178,439 9,785 7,483 546,829 $ 28,781 $ 1.77 1 Year Ago $ 454,228 $ 295,248 114,920 10,447 6,813 427,428 $ 26,800 $ 1.65 (1-a) Compute days' sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year. Required 1A Required 1B Compute days' sales uncollected. Numerator: X Days Days' Sales Uncollected 1 Denominator: 1 1 1 = Days' Sales Uncollected Days' sales uncollected days Current Year: 1 Year Ago: 11 days Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected