Show explanation on how to do each one through excel

Example: Current Year: (B5+B10)

B C D F E E Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago 5 Assets 5 Cash $31,800 $35,625 $37,800 7 Accounts receivable, net 89,500 62,500 50,200 B Merchandise inventory 112,500 82,500 54,000 9 Prepaid expenses 10,700 9,375 5,000 10 Plant assets, net 278,500 255,000 230,500 11 Total assets $523,000 $445,000 $377,500 12 Liabilities and Equity 13 Accounts payable $129,900 $75,250 $51,250 14 Long-term notes payable 98,500 1,01,500 83,500 15 Common stock, $10 par value 163,500 163,500 163,500 16 Retained earnings 131,100 104,750 79,250 17 Total liabilities and equity $523,000 $343,500 $377,500 18 19 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: 20 21 31 Current Year 1 Year Ago 22 Sales $673,500 $532,000 23 Cost of goods sold $411,225 $345,500 24 Other operating expenses 209,550 134,980 25 Interest expense 12,100 13,300 26 Income tax expense 9,525 8,845 27 Total costs and expenses 642,400 502,625 20 Meinem 4211 C00275 B F G H H I D E 28 Net income $31,100 $29,375 29 Earnings per share $1.90 $1.80 30 31 Required: 32 (1-a) Compute days' sales uncollected. 33 34 (Use cells A4 to E29 from the given information to complete this question.) 35 36 Days' Sales Uncollected 37 Numerator: Denominator 38 Accounts receivable, net Net sales 39 Current Year: 1 40 1 Year Ago: 42 (1-b) Determine if days' sales uncollected improved or worsened in the current year. 43 44 Days' sales uncollected Worsened 45 46 (2-a) Compute accounts receivable turnover. 47 48 (Use cells A4 to E29 from the given information to complete this question.) 49 50 Accounts Receivable Turnover 51 Numerator: Denominator: 52 Net sales Average accounts receivable.net 53 Current Year: 54 1 Year Ago: Days 365 365 365 Says' Sales Uncollecte Days' sales uncollected days days 41 Accounts Receivable Turnover Accounts receivable turnover times times D E F G H 55 57 56 (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. 58 Accounts receivable turnover Worsened 59 60 (3-a) Compute inventory turnover. 61 62 (Use cells A4 to E29 from the given information to complete this question.) 63 64 Inventory Turnover 65 Numerator: Denominator: 66 Cost of goods sold Average inventory 67 Current Year: 68 1 Year Ago: Graded cell 69 70 (3-6) Determine if inventory turnover ratio improved or worsened in the current year, 71 72 Inventory turnover Worsened 73 74 (4-a) Compute daya' sales in inventory 75 76 (Use cells A4 to 129 from the given information to complete this question.) nventory Turnove Inventory Turnover times times 78 79 80 81 Current Year: 82 1 Year Ago: Numerator: Ending Inventory Days! Sales Uncollected Denominator Cost of goods sok Days 365 365 365 ## lays' Sales In Inventor Days' sales in Inventory days days B X 74 (4-a) Compute days sales in inventory 75 76 (Use cells A4 to E29 from the given information to complete this question.) 77 78 Days' Sales Uncollected 79 Numerator: 7 Denominator: BO Ending inventory Cost of goods sok 81 Current Year: 82 1 Year Ago: 83 84 (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. 85 86 Days' sales in inventory Worsened RZ Days 365 365 365 ays' Sales In Invento Days' sales in Inventory days days X X