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 Current Year 1 Year Ago 2 Years Ago $ 32,119 88,528 112,454 10,141 $ 36,440 63,770 $ 36,470 $ 77,757 103,707 50,611 53,912 4,052 230,855 290,476 $533,718 99,336 86,821 9,662 263,409 $ 460,102 163,500 163,500 136,657 $533,718 115,138 $ 460,102 For both the current year and one year ago, compute the following ratios: $ 375,900 $ 49,619 81,412 162,500 82,369 $ 375,900 $ 134,225 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 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 Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share 1-a) Compute days' sales uncollected. Current Year $ 693,833 $ 423,238 215,088 11,795 9,020 659,141 $ 34,692 $ 2.13 1 Year Ago $ 547,521 $ 355,889 138,523 12,593 8,213 515,218 $ 32,303 $ 1.99