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Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 27,930 $ 32,647 $ 34,355

Simon Companys year-end balance sheets follow.

At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 27,930 $ 32,647 $ 34,355
Accounts receivable, net 89,800 62,300 50,900
Merchandise inventory 115,000 84,500 59,000
Prepaid expenses 8,994 8,570 3,817
Plant assets, net 241,326 228,405 206,028
Total assets $ 483,050 $ 416,422 $ 354,100
Liabilities and Equity
Accounts payable $ 117,874 $ 68,968 $ 45,806
Long-term notes payable secured by mortgages on plant assets 88,997 93,862 76,691
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 113,679 91,092 69,103
Total liabilities and equity $ 483,050 $ 416,422 $ 354,100

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 $ 627,965 $ 495,542
Cost of goods sold $ 383,059 $ 322,102
Other operating expenses 194,669 125,372
Interest expense 10,675 11,397
Income tax expense 8,164 7,433
Total costs and expenses 596,567 466,304
Net income $ 31,398 $ 29,238
Earnings per share $ 1.93 $ 1.80

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

(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year.

(3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year.

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

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Required 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: x Days = Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Current Yr: 1 Yr Ago: Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Required 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year Inventory turnover Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days sales in inventory

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