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Simon Company's year - end balance sheets follow. The company income statements for the current year and one year ago follow. Assume that all sales
Simon Company's yearend balance sheets follow.
The company income statements for the current year and one year ago follow. Assume that all sales are on credit:
a Compute days' sales in inventory.
b For each ratio, determine if it improved or worsened in the current year.
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Requined A
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Compute days" sales in inventory.
tableDays Sales In InventorxNumerator:,Denominstor:,Days,Daysisales,In inventoryEnding imentary,Eust of goods sold,xDeys'sales,AimentoryCurrent Year:,I,days Year Ago:,dare
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