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Simon Company's year - end balance sheets tollow. table [ [ At December 3 1 , Current Year, 1 Year Ago, 2 Years Ago
Simon Company's yearend balance sheets tollow.
tableAt December Current Year, Year Ago, Years AgoAssets$$$
a compute days' sales uncollected
b determine if days' sales uncollected improved or worsened in they current year
compute accounts receivable turnover
b determine if accounts receivable turnover ratio improved or worsened in the current year
a compute inventory turnover
b determine if inventory turnover ratio improved or worsened in the current year
a compute days' sales in inventory
b for each ratio, determine if days' sales in inventory improved or worsened in the current year
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