Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 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 Connon stock, $10 par value Retained earnings Total liabilities and equity $ 35,726 89,480 111,880 11,585 357,889 $ 605,520 1 Yr Ago 2 Yrs Ago $ 41,760 $ 43,665 62,689 50, 100 83,000 53,eee 10,962 4,785 323,678 284, ese $ 522,882 $ 435, eee $ 150,774 113,838 162,582 178,488 $ 685,520 $ 88,218 $ 57,420 120,860 96,135 162,50 162,500 151,222 118,945 $ 522,882 $ 435, eee 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 $ 787,176 $ 480, 177 244,025 13,382 10,233 747,817 $ 39,359 $ 2.42 1 Yr Ago $ 621,180 $ 403, 767 157, 159 14,287 9,318 584,531 $ 36,649 $ 2.26 (1-a) Compute days' sales uncollected (1-6) 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 1A Required 10 Compute days' sales uncollected. Choose Numerator Days' Sales Uncollected 1 Choose Denominator: x Days = Days' Sales Uncollected Days' Sales Uncollected = / Current Yr: 1 Yr Ago: x 0 days o days Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected