Required information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Yx 1 Yr Ago 2 Yr 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 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $37,800 62,500 30,200 82,500 54,000 9,375 5,000 255,000 230,500 $.445,000 $ 377,500 $ 129,900 198,500 163,500 131,100 $ 523,000 $ 75,250 $ 51,250 101,500 83,500 163,500 163,500 104.750 79, 250 $ 445,000 $ 377,500 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: Por 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 12,100 9.525 642,400 $ 31,100 5 1.90 1 yr Ago $532,000 $345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.80 (1-a) Compute days' sales uncollected. (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 1A Required 1B Compute days' sales uncollected. Days Sales Uncollected 1 Choose Donominator Choose Numerator: Days Days' Sales Uncollected Days' sales uncolected o days O days Current Yr: 1 1 1 Yr Ago: X Required 10 > 980s and expenses Net income Earnings per share 642,400 $ 31,100 $ 1.90 502,625 $ 29,375 $ 1.80 (1-a) Compute days' sales uncollected. (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 1A Required 18 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected COST OF goods 3010 Other operating expenses Interest expense Income tax expense Total costs and expenses Not income Earnings per share 1,22 209,550 12,100 9,525 $345,500 134,980 13,300 8,845 642,400 $ 31,100 502.625 $ 29,375 s 1.80 $ 1.90 (2-a) Compute accounts receivable turnover. (2-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 2A Required 28 For each ratio, determine if it improved or worsened in the current year, Accounts receivable turnover (Required 2A
