Simon Company's year-end balance sheets follow.

At December 31	Current Year	1 Year Ago	2 Years Ago
Assets
Cash	$ 28,970	$ 33,193	$ 33,559
Accounts receivable, net	82,301	59,260	46,553
Merchandise inventory	104,523	78,308	47,648
Prepaid expenses	8,960	8,625	3,804
Plant assets, net	261,400	239,712	210,836
Total assets	$ 486,154	$ 419,098	$ 342,400
Liabilities and Equity
Accounts payable	$ 119,842	$ 70,119	$ 45,197
Long-term notes payable	91,397	98,320	74,914
Common stock, $10 par value	163,500	162,500	163,500
Retained earnings	111,415	88,159	58,789
Total liabilities and equity	$ 486,154	$ 419,098	$ 342,400

For both the current year and one year ago, compute the following ratios:

The companys 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		$ 632,000		$ 498,727
Cost of goods sold	$ 385,520		$ 324,173
Other operating expenses	195,920		126,178
Interest expense	10,744		11,471
Income tax expense	8,216		7,481
Total costs and expenses		600,400		469,303
Net income		$ 31,600		$ 29,424
Earnings per share		$ 1.94		$ 1.81

(1-a) Compute days' sales uncollected.

(1-b) Determine if days' sales uncollected improved or worsened in the current year.

(2-a) Compute accounts receivable turnover.

(2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year.

(3-a) Compute inventory turnover.

(3-b) Determine if inventory turnover ratio improved or worsened in the current year.

(4-a) Compute days' sales in inventory.

(4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year.