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 $ 29,402 89,300 115,000 9,468 255, 166 $ 498,336 $ 34,368 62,600 83,500 9,822 249, 110 $ 429,600 $ 35,442 51,180 56,000 3,938 211,520 $ 358,000 $ 124,086 93,687 162,500 118,063 $ 498,336 $ 72,602 98,888 162,500 95,690 $ 429,600 $ 47,256 79,118 162,560 69,126 $ 358,000 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: o 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 $ 647,837 $ 395,181 200,829 11,013 8.422 615, 445 $ 32,392 $ 1.99 1 Year Ago $ 511,224 $ 332,296 129,340 11,758 7.668 481,062 $ 30,162 $ 1.86 (1-0) 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 18 Compute days' sales uncollected, O 72 Required information Required IA Required 18 ompute days' sales uncollected. Days Soles Uncollected Denominator Numerator: Days 365 Days Sales Uncollected Days' sales uncollected o days o days rrent Yr: " Ago: Required 1B > 72F OR