Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For both the current year and one year ago, compute the following ratios: The 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 recelvable tumover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine If days' sales in inventory improved or worsened in the current year