Required information The following information applies to the questions displayed below) Simon Company's year end balance sheets follow Current Year 1 Year 2 Years December 31 Assets Esh Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long ter notes payable tomon stock $10 par value Retained earnings Total liabilities and equity 5.33,331 89, 100 113,500 10,895 353,00 591,135 $ 39,545 62,500 82.000 10.381 315. 5509,599 $ 42,042 50,300 51,000 4,671 289,262 5437,800 142.777 107,799 162,500 178,059 $ 1591,135 5.3,519 11), 692 162.500 149.868 509.599 5.56,056 93,651 162.500 125293 5.437,000 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit For ended December Current ve 1 year ago Sales $763, 676 5. 606,423 Lost of goods sold 5463,720 $ 394,175 other operating expenses 233,223 153,625 Interest expense 13,064 13,943 Income tax expense 9.990 9096 Total costs and expenses 230.052 Net Income 538,424 $ 35,779 Earning per share $ 2.36 5 2.20 (4-6) Compute days sales in inventory (4-b) For each ratio, determine if it improved or worsened in the current year