Seved 1 of 6 Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses k Plant assets, net ces Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 26,000 72,401 90,102 8,455 235,082 $ 432,040 $ 105,426 81,224 163,500 81,890 $ 28,902 53,186 67,525 7,743 215,092 $ 372,448 $ 63,573 84,806 163,500 60,569 $ 432,040 $ 372,448 For both the current year and one year ago, compute the following ratios: $ 30,727 40,158 43,200 3,346 189,869 $ 307,300 $ 41,375 66,555 163,500 35,870 $ 307,300 The company's income statements for the current year and one 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 Year $ 342,608 174,112 9,548 7,301 $ 561,652 533,569 $28,083 1 Year Ago $ 288,088 112,133 10,194 6,648 $ 443,213 417,063 $ 26,150 $1.61 $ 1.73 9 < Previ 4 5 6 7 of 7 Next > (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 28 Required 3A Required 38 Required 4A Compute days' sales uncollected. Days' Sales Uncollected Numerator: Denominator: Days Current Year: 1 Year Ago: 1 Required 18 > Required 48 Days' Sales Uncollected Days' sales uncollected days days eBook Print (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. References Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected Required 1A Required 2A > Improved Worsened S Part 3 of 6 0.42 points ellook Print D (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 4A Required 48 Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Compute accounts receivable turnover. (Round your answers to the nearest whole number.) Accounts Receivable Turnover References Mc Graw H Current Year: Year Ago: Numerator: Denominator: Accounts Receivable Turnover Accounts receivable turnover times times < Prev 5 6 7 of 7 Next > MacBook Air Part 3 of 6 0.42 points eBook Print References Required information (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 34 Required 38 Required 4A Compute inventory turnover. (Round your answers to the nearest whole number.) Required 48 Inventory Turnover Numerator: Denominator: Inventory Turnover Inventory turnover Current Year: times 1 Year Ago: times > points eBook Print (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. References Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 Compute days' sales in inventory. Current Year: 1 Year Ago Numerator: 7 Days' Sales In Inventory Denominator: Days Days' Sales in Inventory Days' sales in inventory days days