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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
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 Y 1 Yr Ago 2 Yrs Ago $ 25,284 $ 29,555 $ 30.177 89,500 62,800 50,700 112.500 B4.500 55,000 8,142 7.758 3,353 188,881 181,169 162,570 $424, 307 $365,782 5.301,880 $106,709 80,567 162,500 74,531 $424, 307 $ 62,435 $ 40,236 84,971 67,365 162,500 162,500 55,876 31,699 $365,782 $ 301,800 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all soles are on credit For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 551,599 $ 435,281 Cost of goods sold $ 336,475 $ 282,933 Other operating expenses 170,996 110, 126 Interest expense 9,377 18,011 Income tax expense 7,171 6,529 Total costs and expenses 524,019 409,599 Net income $ 27,580 $ 25,682 Earnings per share 1.70 $ 1.58 $ (1-0) Compute days' soles uncollected (1-5) For each rotio determine if it improved or worsened in the current year, Complete this question by entering your answers in the tabs below. Required 1A Required 10 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected
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