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-term notes payable Current Year 1 Year Ago 2 Years Ago $ 34,305 89,300 114,000 11,047 332,786 $ 581,438 $ 40,099 62,800 85,000 10,526 302,815 $ 501,240 $ 144,778 Common stock, $10 par value Retained earnings 109,310 162,500 164,850 $ 84,710 115,285 162,500 138,745 Total liabilities and equity $ 41,352 50,600 52,000 4,595 269,153 $ 417,700 $ 55,136 92,312 162,500 107,752 $ 581,438 $ 501,240 $ 41700 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 311 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 755,869 $ 461,080 234,319 12,850 9,826 1 Year Ago $ 596,476 718,075 $ 37,794 $ 2.33 $ 387,709 150,908 13,719 8,947 561,283 $ 35,193 $ 2.17 Exercise 13-8 (Algo) Part 1 [Alternate Version] (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 Year: 1 Year Ago: Numerator: Days' Sales Uncollected Denominator: Days Days' Sales Uncollected Days' sales uncollected 0 days 0 days Required 1A Required 18 > Exercise 13-8 (Algo) Part 1 [Alternate Version] (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 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected < Required 1A Required 18 Exercise 13-8 (Algo) Part 2 [Alternate Version] (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 Year: 1 Year Ago: Numerator: Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover times times Exercise 13-8 (Algo) Part 2 [Alternate Version] (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 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover < Required 2A Required 28 Exercise 13-8 (Algo) Part 3 [Alternate Version] (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 Year: 1 Year Ago: Numerator: Inventory Turnover Denominator: Inventory Turnover = Inventory turnover times times Exercise 13-8 (Algo) Part 3 [Alternate Version] (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 For each ratio, determine if it improved or worsened in the current year. Inventory turnover < Required 3A Required 38 > Exercise 13-8 (Algo) Part 4 [Alternate Version] (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 4B Compute days' sales in inventory. Days' Sales In Inventory Current Year: 1 Year Ago: Numerator: Denominator: / Required 4A Days x x = Days' Sales In Inventory Days' sales in inventory 0 days Required 4B > 0 days Exercise 13-8 (Algo) Part 4 [Alternate Version] (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 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory