Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Current Year 1 Year Ago 2 Years Ago $ 26,719 89,400 114,000 8,604 205,261 $ 31,232 63,000 82,500 8,198 197,815 $ 31,576 50,800 57,000 3,508 169,816 $ 312,700 $ 65,978 Total assets Liabilities and Equity Accounts payable $ 443,984 $ 382,745 $ 112,763 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 443,984 85,138 162,500 83,583 89,792 162,500 64,475 $ 382,745 $ 42,102 70,489 162,500 37,609 $ 312,700 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 $ 577,179 $ 352,079 1 Year Ago $ 455,467 178,925 9,812 7,503 548,319 $ 28,860 $ 1.78 $ 296,054 115,233 10,476 6,832 428,595 $ 26,872 $ 1.65 (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 Denominator: x Days Days' Sales In Inventory 365 = Days' sales in inventory = 0 days = 0 days Numerator: Ending inventory Cost of goods sold Current Year: 1 Year Ago: < Required 4A Required 4B >