Required Information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Y 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 29,348 * 89,900 112,000 9.451 251,795 $ 492, 494 $ 34, 385$ 35,026 62,300 50,900 83,eae 59,090 9,95 3,892 235,954 201,482 $ 424,564 $ 350, 308 $ 123,857 $ 72,469 $ 46,702 93,515 162,500 112,622 $ 492, 494 98,6267 8, 198 162,5ee 162,500 90,969 62,988 $ 424,564 $ 350, 300 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 Total costs and expenses Net income Earnings per share Current Yr 1 Yr Ago $ 640,242 $ 505, 231 $ 399,548 328.400 198,475 227.823 19,884 11.620 8,323 608,23 $32, 9123 29.810 (1-0) 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. entering your answers in the... Required 1A Required 1B Compute days' sales uncollected Choose Numerator: Days: Sales Uncollected 1 Choose Denominator Days = = px - 1. x = Days' Sales Uncollected Days' Sales Uncollected o days 0 days Current Yr Yr Ago Regsed 1 > 8 323 7.578 Income tax expense Total costs and expenses Net income 688,230 32,012 475,421 29,810 $ 1.97 Earnings per share 1.83 (1-a) Compute days' sales uncollected. (1-6) 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 tequired 1A Required to Improved Worsened (2-a) Compute accounts receivable turnover. (2-6) 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 2A Required 28 Compute accounts receivable turnover Accounts Receivable Turnover Choose Denominator: Choose Numerator: Current Yr 1 Yr Ago: = Accounts Receivable Turnover Accounts receivable turnover = times Esimes Required 2B > (2-a) Compute accounts receivable turnover. (2-6) 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 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Appunts receivable turnover uired 2A Improved Worsened 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 ARO 29,348 89,900 112, Bee 9,451 251,795 $ 492,494 $ 34, 3e5 $ 35,626 62,300 62.304 50,900 83,eee 59,00 9.095 3,892 235,954 291,482 $ 424,564 $ 350, 30e 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, $1e par value Retained earnings Total liabilities and equity $ 123,857 $ 72,469 $ 46,702 93,515 162,500 112,622 $ 492, 494 98,626 78,190 162,5ee 162, see 90,969 62,908 $424,564 $ 350, 300 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 640, 242 390,548 198,475 10,884 8,323 688.23 $ 32,012 1 Yr Aro $ 505,231 328,400 127,823 11,620 7,578 1.97 (3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current LES Complete this question by entering your answe LE Required 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Numerator: Choose Denominator: = Inventory Tumover Inventory turnover 1 E times ta times Current Yr: 1 Yr Ago: - RE Required 3B > (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 For each ratio, determine if it improved or worsened in the current year. Inventory tumover (4-a) Compute days' sales in inventory (4-6) 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 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory Required 4A Required 4 > Improved Worsened