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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 29,052 $ 33,959 $ 34,333 89,700 62,700 50,300 110,000 84,000 52,000 9,356 8,914 3,815 244,638 226,587 199,552 $482,746 $ 416,160 $ 340,000 $122,608 $ 71,738 $ 45,778 92,571 162,500 105,667 $482,746 97,631 76,643 162,500 162,500 84,291 55,079 $ 416,160 $ 340,000 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 627,570 $ 495,230 Cost of goods sold $ 382,818 $ 321,900 Other operating expenses 194,547 125,293 Interest expense 10,669 11,390 Income tax expense 8,158 7,428 Total costs and expenses 596,192 466,011 Net income $ 31,378 $ 29, 219 Earnings per share $ 1.93 1.80 $ (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 Compute days' sales in inventory. Choose Numerator: Days' Sales In Inventory Choose Denominator: Days / X Days' Sales In Inventory Days' sales in inventory days days Current Yr: 1 Yr Ago: X / Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory