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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

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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: (1-a) Compute days' sales uncollected. (1-b) Determine If days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable tumover. (2-b) Determine if accounts recelvable tumover ratio improved or worsened in the current yeat. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current yeat. (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. Wiatermine if nave saiec unenierter imnrmien ar whreaner in rhe ciurent vear Required information 2-b) Determine it accounts recelvable turnover 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. Complete this question by entering your answers in the tabs below. Compute days' sales uncollected

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