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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
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: company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute doys' sales uncollected (1.b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvoble turnover. (2-b) Dotermine if accounts recelvoble turnover ratio improved or warsened in the current year. (3-a) Compute irventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current yeae. (4-a) Compute days' sales in inventory. (4-b) For each ratio, detemine 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 uncoliected
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