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 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 Connon stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,5ee 18,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,580 50,200 82,500 54,000 9,375 5,000 255,600 238,500 $ 445,eee $ 377,500 $ 129,900 $ 75,250 $ 51,25 98,588 163,500 131,188 $ 523, eee 181,500 83,588 163,500 163,588 184,750 79,250 $ 445, eee $ 377,580 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 $673,500 $ 411,225 209,550 12,180 9,525 642,480 $ 31,180 1 Yr Ago $ 532, eee $ 345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.90 1.80 -a) Compute days' sales uncollected. -b) For each ratio, determine if it Improved or worsened in the current year. (1-a) 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. Required 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days = Days' Sales Uncollected Days' Sales Uncollected 1 1 1 x Current Yr: 1 Yr Ago: 0 days X 0 day Required 1A Required 1B >