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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-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 37,755 62,800 $ 39,730 50,900 $ 32,300 89,500 110,500 10,402 315,922 $ 558,624 $136,315 102, 921 162,500 156,888 $ 558,624 84,000 9,911 287,106 $ 481,572 $ 79,758 108,546 162,500 130,768 $ 481,572 54,000 4,414 260,456 $ 409,500 $ 52,973 88,690 162,500 105,337 $ 409,500 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 Current Year 1 Year Ago $ 726,211 $ 573,071 $ 442,989 225,125 12,346 9,441 $ 372,496 144,987 13,181 8,596 689,901 $ 36,310 539,260 $33,811 Required information Net income Earnings per share $ 36,310 $ 33,811 $2.23 $ 2.08 (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 1B Compute days' sales uncollected. Current Year: 1 Year Ago: Days' Sales Uncollected Numerator: Denominator: x x x x Days == Days' Sales Uncollected Days' sales uncollected 0 days 0 days

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