Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 26, 256 89,500 110,000 8,455 206, 405 $ 440, 616 $ B, 691 62,500 84, 000 8,056 194)594 $ 379, 841 $ 31,337 52,000 56,000 3,482 170,581 $ B13, 400 $ 110, 811 83,664 162,500 83,641 $440, 616 $ 64, 835 88,237 162,500 64, 269 $ 379,841 $ 41,782 69,954 162,500 39,164 $ 313,400 The company's income statements for the current year and one year ago follow. Assume that all sales are For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses llet income current Yeani $ 572, 801 $ 349, 409 177,568 9,738 7,446 544161 $ 28,640 $ 1.6 1 Year Ago $ 452, 011 $ 293,807 114 359 10, 396 6780 425,342 $ 26,669 Earnings per share $ 1.64 9-a) Compute days sales in inventory LUI CILICO FOOT PESU $ 572,801 $ 452,011 LTCOI LUCU UCLCUCI Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income $ 349,409 177,568 9,738 7,446 $ 293,807 114,359 10,396 6,789 544,161 $ 28,640 425,342 $ 26, 669 Earnings per share $ 1.76 $ 1.64 4-2) Compute days' sales in inventory. 4-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 4 Required 4B Compute days' sales in inventory. Days' Sales In Inventory Denominator: Numerator: 1 Days Days' Sales In Inventory Days sales in inventory days 0 days 15 75.5501 Current Year: 1 year ago 75.5501 Required 40 >