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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 25,616 89, 180 112,5ee 8,249 198,700 $ 434,165 $ 29,942 $ 30,878 62,900 50,400 84,500 59, eee 7,860 3,431 189,078 168, 191 $ 374,280 $ 311,900 $ 108, 107 $ 63,253 $ 41,171 81,623 162,500 81,935 $ 434,165 86,884 68,930 162,500 162, see 62,443 39,299 $ 374,280 $ 311,900 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 Current Yr 1 Yr Ago Sales $ 564,415 $ 445,393 Cost of goods sold $ 344,293 $ 289,585 Other operating expenses 174,969 112,684 Interest expense 9,595 18, 244 Income tax expense 7,337 6,681 Total costs and expenses 536, 194 419, 114 Net income 28, 221 $ 26, 279 Earnings per share $ 1.74 $ 1.62 $ (4-a) Compute days' sales in inventory. (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 4A Required 48 Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: 1 Days = 1 = Days Sales In Inventory Days' sales in inventory days days 1 = Current Yr: 1 Yr Ago: 3 x 1 = Complete this question by entering your answers in the tabs below. Required 4A Required 48 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory