Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. he company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. Required 1B Required 23 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ Inventory Turnover } \\ \hline & & tor: & I & Denominator: & = & \multicolumn{2}{|c|}{ Inventory Turnover } \\ \hline & cos & sold & 1 & Average inventory & = & \multicolumn{2}{|c|}{ Inventory turnover } \\ \hline Current Year: & \$ & 332,481 & 1 & & = & & times \\ \hline 1 Year Ago: & s & 279,574 & I & e & = & 0 & times \\ \hline \end{tabular} Compute days' sales in inventory