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, 510 par value Retained earnings Total liabilities and equity $ 35,148 89,400 111,500 11,319 331.011 $ 578,378 $ 41,085 $ 41,135 62,900 50,900 84,000 54,000 10,785 4,571 299,832 252,794 $ 498,602 $ 403,400 $ 86,792 $ 54,846 $ 148, 337 111,997 162,500 155,544 $ 578,378 118, 119 91,826 162,500 162,500 131, 191 94,228 $ 498,602 $ 403,400 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: 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 Earnings per share Current Yr $ 751,891 $ 458,654 233, 086 12,782 9,775 714,297 $ 37,594 1 Yr Ago $ 593,336 $385,668 150,114 13,647 8,909 558,329 $ 35,007 $ 2.31 $ 2.15 Complete this question by entering your answers in the tabs below. Required 1A Required 1B Compute days' sales uncollected. Choose Numerator: Days Sales Uncollected 1 Choose Denominator: Days 1 Current Yr: 1 Yr Ago: x x x Days' Sales Uncollected Days' Sales Uncollected days 1 days Reque 1 Required 18 > Complete this question by entering your answers in the tabs below. Required 1A Required 1B W For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Complete this question by entering your answers in the tabs below. Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover