Simon Company's year-end balance sheets follow. Age (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-6) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Current 2 Years At December 31 1 Year 2- Year Assets Cash 34,575 $ 40,015 $ 41,674 Accounts receivable net 96, 242 71, 427 56, 111 Merchandise inventory 121,006 95, 312 59, 189 Prepaid expenses 10,914 10,714 4,585 Plant assets, net 317,486 202,724 251, 141 Total assets $ 580,223 $ 500, 192 $ 412,700 Liabilities and Equity Accounts payable $ 147, 365 $ 81, 996 $ 54,476 Long-term notes payable 106,900 115,044 92, 119 Common stock, $10 par value 163,500 162,500 162,500 earnings 162, 458 140, 652 103, 605 Total liabilities and equity $ 580,223 $ 500,192 $ 412,700 Required A Required in agured 2A Required 2 Required A Required >> Required Required 48 Compute days' sale un collected Sales Uncated Denoni Numar 9 - Days - Deys Sales Uncollected Des sales collected days days wa Current Year: 1 Year Retained eat Required 1A Required 18 Required 24 Required 28 Required 3A Required 38 Required 4A Required 48 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December Current Year 1 Year Aga Determine if days' sales uncollected improved or worsened in the current year. Days'sales uncollected 31 595, 220 Complete this question by entering your answers in the tabs below. Sales 754, 290 Cost of goods sold 460, 117 386, 898 Other operating expenses 233, 830 150, 593 Interest expense 12, 823 13, 690 Income tax exper.se 9, 806 8, 928 Total costs and expenses 716, 576 Net income $ 37,714 Earnings per share $ 2.32 (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year 560, 109 $ 35, 119 $ 2.16 Regred A Roured Breatesured 20 secured 3 euide Red Red Contests receivable terror and you to the reader) Buenos Murator Dereito Account Remove Accounts CY an Required A Required 10 Required 2A Required 2B Required JA Required 3 Required A Required 48 Compute Inventory turnover. (Round your answers to the nearest whole number.) Inventory Tumover Numerator: Denominator: - Inventory Turnover Inventory tumor Current Year: Osmes 1 Year Age O times Required 1A Required 10 Required 2A Required 28 Required 3A Required 38 Required 4A Required 48 Determine if inventory turnover ratio improved or worsened in the current year. Inventory tumover Required 1A Required 1B Required 24 Required 2B Required 3A Required >> Required 4A Required 43 Compute days' sales in inventory. Days Sales In Inventory Numerator: Denominator: * Days - Days' Sales In Inventory Days' sales in inventory Current Year 1 Year Ago: days