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Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 32,299 $ 37,754 $ 38,170

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Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 32,299 $ 37,754 $ 38,170 Accounts receivable, net 89,700 62,800 51,500 Merchandise inventory 112,000 82,000 52,000 Prepaid expenses 10,401 9,910 4,241 Plant assets, net 292,300 270,208 232,089 Total assets $536,700 $ 462,672 $ 378,000 Liabilities and Equity Accounts payable $136,311 $ 79,755 $ 50,894 Long-term notes payable secured by mortgages on plant assets 102,918 108,543 85,209 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 134,971 111,874 79,397 Total liabilities and equity $536,700 $ 462,672 $ 378,000 The company's 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 $ 697,710 $ 550,580 Cost of goods sold 5 425,603 $ 357,877 Other operating expenses 216,290 139,297 Interest expense 11,861 12,663 Income tax expense 9,070 8,259 Total costs and expenses 662,824 518,096 Net income 5 34,886 $ 32,484 Earnings per share $ 2.15 $ 2.00 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 13 Days' Sales Uncollected Current Yr: 0 days 0 days Required 13 > (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 13

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