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 $ 28,032 89,600 110,500 9,027 247,663 $ 484,822 1 Year Ago 2 Years Ago $ 32,767 $ 34, 481 62,500 51,100 84,000 56,000 8,601 3,831 230,082 209,988 $ 417,950 $ 355,400 $ 118,306 89, 324 162,500 114,692 $ 484,822 $ 69, 221 94,206 162,500 92,023 $ 417,950 $ 45,975 76,973 162,500 69,952 $ 355,400 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 Current Year 1 Year Ago Sales $ 630,269 $ 497, 361 Cost of goods sold $ 384,464 $ 323,285 Other operating expenses 195,383 125,832 Interest expense 10,715 11,439 Income tax expense 8,193 7,460 Total costs and expenses 598,755 468,016 Net income $ 31,514 $ 29,345 Earnings per share $ 1.94 $ 1.81 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Compute days' sales uncollected. Days' Sales Uncollected Denominator: Numerator: Days - Daye' Sales Uncollected Days' sales uncollected o days o days Current Year: 1 Year Ago: 1 1 Required 18 > Complete this question by entering your answers in the tabs b Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year Days' sales uncollected (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. Accounts Receivable Turnover Numerator: Denominator Accounts Receivable Turnover Accounts receivable turnover 1 Current Year: 1 Year Ago: timos times Required 2A Required 2B For each ratio, determine if it improved or worsened in the curren Accounts receivable turnover (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 38 Compute inventory turnover. Numerator: Inventory Turnover 1 Denominator: / II Inventory Turnover Inventory turnover times 7 = Current Year: 1 Year Ago: times Required SA Required 3B > Complete this question by entering your answers in the tabs Required 3A Required 3B For each ratio, determine if it improved or worsened in the current yea Inventory turnover (4-a) Compute days' sales in inventory. (4-6) 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. Days' Sales In Inventory Denominator: Numerator: Days x Days' Sales In Inventory Days' sales in inventory 0 days o days Current Year: 1 1 Year Ago: X Neque Required 48 > (4-a) Compute days' sales in inventory. (4-6) 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 For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory