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 Current Year $ 36,326 103,200 134,997 11,930 323,154 $ 609,607 1 Year Ago 2 Years Ago $ 41,621 74,309 98,194 11,036 300,363 $ 525,523 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 151,792 115,752 162,500 179,563 $ 87,037 122,079 162,500 153,907 $ 609,607 $ 525,523 $ 42,497 56,090 62,187 4,722 268,104 $ 433,600 $ 57,235 92,951 163,500 119,914 $ 433,600 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 $ 483,418 245,672 13,472 10,302 $ 792,489 752,864 $ 39,625 $ 2.44 1 Year Ago $ 406,492 158,2191 14,384 9,381 $ 625,372. 588,476 $36,896. $ 2.27 (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year.