Simon Company's year-end balance sheets follow.

(1-a) Compute days' sales uncollected.

(1-b) For each ratio, determine if it improved or worsened in the current year.

(2-a) Compute accounts receivable turnover.

(2-b) For each ratio,determine if it improved or worsened in the current year.

(3-a) Compute inventory turnover.

(3-b) For each ratio, determine if it improved or worsened in the current year.

(4-a) Compute days' sales in inventory.

(4-b) For each ratio, determine if it improved or worsened in the current year.

Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 30,399 89,000 113,000 9,789 283,559 $525,747 $ 35,533 $ 37,392 62,100 51,900 84,000 56,000 9,327 4, 155 262,270 235,953 $ 453,230 $ 385,480 $128,293 $ 75,064 $ 49,855 96,864 162,500 138,090 $525, 747 102,158 83,470 162,500 162,500 113,508 89,575 $ 453,230 $ 385,400 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 683,471 $ 416,917 211,876 11,619 8,885 649,297 $ 34, 174 $ 2.10 1 Yr Ago $ 539, 344 $ 350,574 136, 454 12,405 8,090 507,523 $ 31,821 $ 1.96 Required 1A Required 18 Compute days' sales uncollected. Choose Numerator: Days' Sales Uncollected Choose Denominator: 1 Days X x - = Days' Sales Uncollected Days' Sales Uncollected 0 days Current Y 1 Yr Ago: 0 days Required 18 > Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: - Accounts Receivable Turnover Accounts receivable tumover times Required 28 > Required 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Numerator: I Choose Denominator: Inventory Turnover Inventory turnover times Current Yr: 1 Yr Ago: times Required 38 > Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: * Days - Days' Sales In Inventory Days' sales in inventory o days 0 days Current Yr: 1 Yr Ago: Required 48 >