Simon Company's year-end balance sheets follow. 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. Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 35,941 89,600 115,000 11,574 351,025 $ 42,012 $ 42,896 62,100 50,700 85,000 55,000 11,028 4,766 319,808 275,638 $ 603,140 $ 519,948 $ 429,000 $ 151,684 $ 114,524 162,500 174,432 88,750 $ 57,194 120,784 95,757 162,500 162,500 147,914 113,549 $ 603,140 $ 519,948 $ 429,000 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: Current Yr 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 1 Yr Ago $ 784,082 $ 618,738 $ 478,290 243,065 13,329 10,193 $ 402,180 156,541 14,231 9,281 744,877 39,205 582,233 $ 36,505 $ 2.41 $ 2.25 (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if it improved or worsened in the current year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory. Choose Numerator: Choose Denominator: X Days Ending inventory Cost of goods sold Days' Sales In Inventory Days' sales in 365 = inventory Current Yr: $ 115,000 $ 100,000 X 365 = 419.8 days 1 Yr Ago: $ 85,000 1 $ 70,000 X 365 = 443.2 days