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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year

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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sates uncoliected improved or worsened in the current year. (2-a) Compute accounts receivable turnover: (2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, dotermine if days' sales in inventory improved or worsened in the current yeac. Compute days' sales uncollected. Complete this question by entering your answers in the tabs below. Determine if days' sales uncollected improved or worsened in the current year. Compute accounts receivable turnover. Note: Round your answers to the nearest whole number. termine if accounts receivable turnover ratio improved or worsened in the current year. Compute inventory turnover. Note: Round your answers to the nearest whole number. Determine if inventory turnover ratio improved or worsened in the current year. Compute days' sales in inventory. Complete this question by entering your answers in the tabs below. For each ratio, determine if days' sales in inventory improved or worsened in the current year

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