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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,257 89,500 111,000 8,456 214, 317 $ 449,530 $ 30,692 $ 31,971 62,100 51, 100 82,000 54,000 8,057 3,552 204,677 185,577 $ 387,526 $ 326,200 $110,814 83,667 162,500 92,549 $ 449,530 $ 64,837 $ 42,628 88,240 71,369 162,500 162,500 71,949 49,703 $ 387,526 $ 326,200 The company's income statements forthe current year and one year ago follow. Assume that all sales are on credit For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 584,389 $ 461,156 Cost of goods sold $ 356,477 $ 299,751 other operating expenses 181,161 116,672 Interest expense 9,935 10,607 Income tax expense 7,597 6.917 Total costs and expenses 555,170 433,947 Net income $ 29,219 $ 27, 209 Earnings per share $ 1.80 $ 1.67 Complete this question by entering your answers in the tabs below. Required IA Required 16 Compute days' sales uncollected. Choose Numerator: + Days' Sales Uncollected 7 Choose Denominator: * Days Days' Sales Uncollected Days' sales uncollected days x = Current Yr: 1 Yr Ago: 1 days Required 18 > Complete this question by entering your answers in the tebs below. Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected