Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity 533,195 96.200 $ 39,586 $42,481 68.589 56,641 123.489 91,542 59,749 10,582 884.915 18,185 4,491 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: $416,600 $ 56,641 92,069 162,500 105,398 6 416,600 $ 568,310 $ 489,922 $ 141,500 $ 81,969 108,979 162,500 116,968 162,588 $ 568,310 776 687 $ The company's income statements for the current year and one year ago follow. Assume that all sales are on cre For Year Ended December 31 Current Year 1 Year Ago Sales $ 738,803 $ 583,007 $ 458,678 $ 378,955 Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income 628 6727 12 568 9.604 781,863 147,581 13.489 548,618 LGE'DE $ Earnings per share (1-e) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-0) Compute accounts receivable turnover. $ 2.12 (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-0) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-0) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 3B Required 4A Required 48 Compute days' sales in inventory. Current Year: 1 Year Ago: Days Sales In Inventory Numerator: Denominator: Days Days' Sales In Inventory Days sales in inventory 0 days odays