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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
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 Long-tere notes payable secured by mortgages on plant assets Common stock, sie par value Retained earnings Total 11011ties and equity Current Y YA 2 Yes Ago $ 10,478 535,626 5 36,739 62,700 $1,000 110,000 54,000 9.352 4,012 222.678 255.142 225, 229 $ 516,571 $ 449,320 S 371,100 5128,626 575,259 543,985 97,115 192,424 82,013 128,330 185,137 $ 516,571 445,320 S 371,100 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 Current Ye 1 Yr Ago Sales 5671,542 cost of goods sold Other operating expenses 200,175 134,073 Interest expense Income tax expense 8,730 Total costs and expenses Net Income $ 33,577 $ 31,266 Earnings per share 2.07 5 1.92 (1-0) Compute days' sales uncollected. (1-6) For each ratio, determine if it improved or worsened in the current year. (1-0) Compute days' sales uncollected (1-6) 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 10 Compute days' sales uncollected. Days Sales Uncollected I Choose Denominator Choose Numerator: Days Current Ye: 1 Yr Agor Days' Sales Uncollected Days Sales Uncollected o days o days
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