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 $ 34,537 89,900 115, eee 11,122 323, 341 $ 573,989 $ 40,371 $ 40,816 62,200 50,280 84, eee 52,80 18,597 4,535 297,573 256,649 $ 494,741 $ 484,280 $ 145,759 $ 85, 283 $ 54,421 118,651 162,500 155, 590 $ 573,9ee 116,266 91,115 162,500 162,500 139,892 96,164 $ 494,741 $ 484, 280 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 Current Yr $ 746,070 $ 455,103 231,282 12,683 9,699 798,767 $ 37,393 1 Yr Ago $ 588,742 $ 382,682 148,952 13,541 8,831 554,096 $ 34,736 Earnings per share $ 2.3e $ 2.14 (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 18 Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: x Days = Days' Sales Uncollected Days' Sales Uncollected Current Yr: 0 days 1 Yr Ago: 1 x = 0 days (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 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: = Accounts Receivable Turnover Accounts receivable turnover = Current Yr: / 0 times 1 Yr Ago: 1 0 times Required 2A Required 2B >