Simon Company's year end balance sheets follow.
nyum [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 Plant assets, net Total assets Liabilities and Equity. Accounts payable Long-term notes payable secured by. mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 26,168 $ 30,589 $ 31,863 62,700 89,900 113,500 50,400 84,500 54,000 8,427 8,029 3,540 210,019 200, 401 185,297 $448,014 $386,219 $325, 100 $110, 440 $ 64,618 $ 42,484 83,384 87,942 71, 129 162,500 162,500 162,500 91,690 71, 159. 48,987 $448,014 $ 386,219 $ 325, 100 Help Save & Ext Submit The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 1 Vr Ago Sales Current Yr $ 582,418 $ 459, 601 Cost of goods sold. Other operating expenses Interest expense $ 355,275 180, 550 9,901 7,571 $ 298,741 116, 279 10,571 6,894 Income tax expense 553,297 Total costs and expenses Net income 432,485 $ 27,116 29, 121 1.79 $ 1.67 Earnings per share. $ $ (2-a) Compute accounts receivable turnover. (2-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. Required 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Current Yr: 1 Yr Ago: 1 Accounts Receivable Turnover Accounts receivable turnover times times Required 2B > (2-a) Compute accounts receivable turnover. (2-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. Required 2A Required 28 For each ratio, determine if it improved or worsened in the current year. Accounts receivable tumover (3-a) Compute inventory turnover. (3-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. Required 3A1 Required 38 Compute inventory turnover. Inventory Turnover / Choose Denominator: 1 Current Yr: 1 Yr Ago: 71 Choose Numerator: = Inventory Turnover Inventory tumover times times Required 38 > (3-a) Compute inventory turnover. (3-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. Required 3A Required 38 For each ratio, determine if it improved or worsened in the current year. Inventory turnover (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. Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory
