Required information (The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current Tr 1 Trgo Yrs Ago Assets Cash $ 33,139 $ 30,736 $ 39,947 Accounta receivable, met 89,300 $2,600 51,100 Merchandise inventory 112,500 16.000 57.000 Prepaid expenses 10,672 10,168 4.49 Plantasuta, net 316.061 280.696 251,014 Total assets $561,672 5484,200 $ 403,500 Liabilities and Equity Accounts payable $139,856 $81,30 $ 53,262 Long-term notes payable secured by mortgages on plant assets 105,594 111.366 19,174 Common stock, 510 par value 162,500 162.500 262,500 Retained earnings 153,722 128,504 98,564 Total liabilities and equity 5561,672 $ 484,200 $ 403,500 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on credit Yor Year Ended December 31 Carrent Yr 1 yr Ago Sales $ 730,174 5576,198 Coat of goods sold $ 445,406 $ 379,529 Other operating expenses 226,354 145.77 Interest expense 12.413 13,253 Income tax expense 9.492 2,643 Total costs and expenses 593,665 542.203 et income $36,509 $ 13,995 Earnings pet share 6 2.25 $ 2.09 (4-a) Compute days sales in inventory (4-6) 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 4A Required 48 Compute days sales In Inventory. Days' Sales In Inventory Choose Denominator Choose Numerator: X Days Days' Sales In Inventory Days'sales in inventory days days Current Yr 1 Yr Ago: X Required 48 >