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 $ 34,548 89,200 114,000 11,125 348,629 $ 597,502 $ 145,802 110,084 162,500 179,116 $ 597,502 $ 40,383 63,000 $ 42,495 84,500 10,601 316,604 $ 515,088 $ 85,309 116,101 162,500 151,178 $ 515,088 51,800 58,000 4,722 280,983 $ 438,000 $ 56,660 94,862 162,500 123,978 $ 438,000 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 Current Year $ 776,753 $473,819 240,793 Interest expense 13,205 Income tax expense 10,098 Total costs and expenses 737,915 Net income $ 38,838 Earnings per share $ 2.39 1 Year Ago: $ 612,955 $ 398,421 155,078 14,098 9,194 (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. 576,791 $ 36,164 $2.23 Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Current Year: 1 Year Ago: Days' Sales In Inventory Numerator: Denominator: x Days x Days' Sales In Inventory Days' sales in inventory x = days days Net income Earnings per share $ 38,838 $ 2.39 (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 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory ces Required 4A Required 40 > $ 36,164 $ 2.23