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Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 30,201 $ 35,303 $ 37,149

Simon Companys year-end balance sheets follow.

At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 30,201 $ 35,303 $ 37,149
Accounts receivable, net 89,700 62,600 51,700
Merchandise inventory 113,500 82,500 52,000
Prepaid expenses 9,726 9,267 4,128
Plant assets, net 279,209 260,620 237,923
Total assets $ 522,336 $ 450,290 $ 382,900
Liabilities and Equity
Accounts payable $ 127,460 $ 74,577 $ 49,532
Long-term notes payable secured by mortgages on plant assets 96,235 101,495 82,928
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 136,141 111,718 87,940
Total liabilities and equity $ 522,336 $ 450,290 $ 382,900

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 $ 679,037 $ 535,845
Cost of goods sold $ 414,213 $ 348,299
Other operating expenses 210,501 135,569
Interest expense 11,544 12,324
Income tax expense 8,827 8,038
Total costs and expenses 645,085 504,230
Net income $ 33,952 $ 31,615
Earnings per share $ 2.09 $ 1.95

(1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year.

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