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Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,985 $ 42,063 $ 42,114

Simon Companys year-end balance sheets follow.

At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 35,985 $ 42,063 $ 42,114
Accounts receivable, net 89,700 62,100 52,000
Merchandise inventory 112,000 84,500 56,000
Prepaid expenses 11,588 11,041 4,679
Plant assets, net 342,870 310,764 258,207
Total assets $ 592,143 $ 510,468 $ 413,000
Liabilities and Equity
Accounts payable $ 151,867 $ 88,857 $ 56,151
Long-term notes payable secured by mortgages on plant assets 114,663 120,930 94,011
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 163,113 138,181 100,338
Total liabilities and equity $ 592,143 $ 510,468 $ 413,000

The companys 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 $ 769,786 $ 607,457
Cost of goods sold $ 469,569 $ 394,847
Other operating expenses 238,634 153,687
Interest expense 13,086 13,972
Income tax expense 10,007 9,112
Total costs and expenses 731,296 571,618
Net income $ 38,490 $ 35,839
Earnings per share $ 2.37 $ 2.21

Compute days' sales uncollected.

Days' Sales Uncollected
Choose Numerator: / Choose Denominator: x Days = Days' Sales Uncollected
/ x = Days' Sales Uncollected
Current Yr: / x = days
1 Yr Ago: / x = days

Compute accounts receivable turnover.

Accounts Receivable Turnover
Choose Numerator: / Choose Denominator: = Accounts Receivable Turnover
/ = Accounts receivable turnover
Current Yr: / = times
1 Yr Ago: / = times

Compute inventory turnover.

Inventory Turnover
Choose Numerator: / Choose Denominator: = Inventory Turnover
/ = Inventory turnover
Current Yr: / = times
1 Yr Ago: / = times

Compute inventory turnover.

Inventory Turnover
Choose Numerator: / Choose Denominator: = Inventory Turnover
/ = Inventory turnover
Current Yr: / = times
1 Yr Ago: / = times

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