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Requlred Information [ The following information applies to the questions displayed below. ] Simon Company's year - end balance sheets follow. The company s income

Requlred Information
[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
The companys income statements for the current year and one year ago follow. Assume that all sales are on
credit:
(4-a) Compute days' sales in inventory.
(4-b) For each ratio, determine if it improved or worsened in the current year.
Complete this question by entering your answers in the tabs below.
Compute days' sales in inventory. Choices for numerator are (accounts receivable, accounts inventory, cost of goods sold, current assets, current liabilities, ending inventory, net sales). Denominator choices (accounts receivable net, cost of goods sold, current assets, current liabilities, ending inventory net sales).
PLEASE ALSO FIND For each ratio, determine if it improved or worsened in the current year. Days sales in inventory (Improved/ Worsened)
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