Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 24,167 89,800 $ 28,250 $ 29,727 62,700 50,900 110,500 83,500 54,000 7,783 185,728 7,416 3,303 178,460 168,470 Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets $417,978 $ 360,326 $ 306,400 $101,995 $ 59,677 $ 39,636 81,217 Common stock, $10 par value Retained earnings Total liabilities and equity 77,008 66,360 162,500 162,500 162,500 76,475 56,932 37,904 $417,978 $ 360,326 $ 306,400 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are or 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 Yr $ 543,371 $ 331,456 168,445 9,237 7,064 516,202 $ 27,169 $ 1.67 1 Yr Ago $ 428,788 $ 278,712 108,483 9,862 6,432 403,489 $ 25,299 $ 1.56 aded Practice i Saved Exercise 13-8 Part 1 (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. ical Acco... Question 4-M08 Ch 13 Graded Practice-- Choose Numerator: Days' Sales Uncollected Choose Denominator: x Days x Current Yr: x 1 Yr Ago: x Required 1A Required 18 > Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Hei "aded Practice Saved H Exercise 13-8 Part 2 (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 Yr: 1 Yr Ago: Choose Numerator: Accounts Receivable Turnover Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times times Required 2A Required 28 > 4. es Exercise 13-8 Part 3 (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 Yr: 1 Yr Ago: Inventory Turnover Choose Numerator: Choose Denominator: Inventory Turnover Inventory turnover times times Required 3A Required 38 > Saved Exercise 13-8 Part 4 (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 Compute days' sales in inventory. Current Yr: 1 Yr Ago: Days' Sales In Inventory Choose Numerator: Choose Denominator: X Days Days' Sales In Inventory x Days' sales in inventory X days 1 X days Required &A Required 48 >