Simon Company's year-end balance sheets follow. Current Ye 1 Yr Ago 2 Yes Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34,324 89,900 115,000 11,053 320,073 $570,350 $ 40,121 $ 40,564 62,900 50, 300 84,000 52,000 10,532 4,507 294,128 254,329 $ 491,681 $ 401,700 $144,857 $ 84,756 $ 54,085 109,370 162,500 153,623 $570,350 115,348 90,551 162,500 162,500 129,077 94,560 $ 491,681 5401,700 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 Sales Cont of goods sold Other operating expenses Interest expenne Income tax expense Total costs and expenses Net Income Current Y 5741,455 $452,200 229,851 12,605 9.639 704,383 $ 37,072 1 YEA $ 585,100 $ 380,315 148,030 13,457 3.777 550,579 $ 34,521 5 2.12 5 2.28 Warnings per share (1-a) Compute days' sales uncoilected. (1-b) For each ratio, determine if it improved or worsened in the current year. (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 18 Compute days' sales uncollected DAY! Sales Uncobected Choose Denominator Choose Numerator * Days Days' Sales Uncollected Days' Sales Uncollected O days 0 days Current Yr: 1 Yr Ago Required 18 > (2-a) Compute accounts receivable turnover. (2-6) 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 2A Required 28 Compute accounts receivable turnover. Accounts Receivable Turnover Choose Denominator Choose Numarator Accounts Recalvable Turnover Accounts receivable turnover O times Current Yr: 1 Yr Ag O times Required 28 >