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 Current Year 1 Year Ago 2 Years Ago $ 30,956 62,500 $ 26,482 89,600 113,000 8,528 206,801 $ 444,411 84,385 162,500 85,761 $ 111,765 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 444,411 83,500 8,126 198,031 $ 383,113 $ 65,394 88,997 162,500 66,222 $ 383,113 $ 31,607 51,400 52,000 3,512 177,581 $ 316,100 $ 42,142 70,557 162,500 40,901 $ 316,100 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 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year 1 Year Ago $577,734 $455,904 $ 352,418 179.098 $296,338 9,821 7,511 115,344 20,486 6.839 548,848 $ 28,856 $ 2.78 429,007 $ 26,897 $ 2.66 (1-a) Compute days' sales uncollected. (1-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 1A Required 18 Compute days' sales uncollected. Current Yr 1 Yr Ago Days Sales Uncollected Numerator: Denominator: Days Days' Sales Uncollected Days' sales uncollected 0 days 0 days Required 183 > (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. Current Yr: 1 Yr Ago: Accounts Receivable Turnover Numerator: Denominator: Accounts Receivable Turnover = Accounts receivable furnover times = times Required 213 > (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 3B Compute inventory turnover. Current Yr: 1 Yr Ago: Inventory Turnover Numerator: Denominator: Inventory Turnover B Inventory turnover times times Required 38 > (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 48 Compute days' sales in inventory. Current Yr 1 Yr Ago: Numerator: Days' Sales In Inventory Denominator: Days Days' Sales In Inventory Days' sales in inventory 0 days 0 days Required 48 >