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Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets
Required information Use the following information for the Exercises below. (Static) [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: Exercise 138 (Static) Analyzing and interpreting liquidity LO P3 Complete this question by entering your answers in the tabs below. Compute days' sales uncollected. Complete this question by entering your answers in the tabs below. Determine if days' sales uncollected improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute accounts receivable turnover. Complete this question by entering your answers in the tabs below. Determine if accounts receivable turnover ratio improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute inventory turnover. Complete this question by entering your answers in the tabs below. Determine if inventory turnover ratio improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales in inventory. Complete this question by entering your answers in the tabs below. For each ratio, determine if days' sales in inventory improved or worsened in the current year. Required information Use the following information for the Exercises below. (Static) [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: Exercise 138 (Static) Analyzing and interpreting liquidity LO P3 Complete this question by entering your answers in the tabs below. Compute days' sales uncollected. Complete this question by entering your answers in the tabs below. Determine if days' sales uncollected improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute accounts receivable turnover. Complete this question by entering your answers in the tabs below. Determine if accounts receivable turnover ratio improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute inventory turnover. Complete this question by entering your answers in the tabs below. Determine if inventory turnover ratio improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales in inventory. Complete this question by entering your answers in the tabs below. For each ratio, determine if days' sales in inventory improved or worsened in the current year
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