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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
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 $ 23,422 89,200 114,000 7,543 175,092 $ 409,257 $ 27,378 62,800 83,500 7,187 171,943 $ 352,808 $ 29,107 50,600 53,000 3,234 167, 159 $ 303, 100 $ 98,848 74,632 162,500 73,277 $ 409,257 $ 57,836 78,711 162,500 53,761 $ 352,808 $ 38,809 64,976 162,500 36,815 $ 303, 100 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 532, 634 $ 324,541 164,931 9,045 6,916 585,433 $ 26,601 $ 1.64 1 Year Ago $ 419,842 $ 272,897 106,22e 9,656 6,298 395,071 $ 24,771 $ 1.52 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Compute days' sales uncollected. Days Sales Uncollected Denoittinator Numerator: Accounts receivables, net Days 365 Net sales Current Year: 1 Year Ago: Days' Sales Uncollected Days' salos uncollected 0 days 0 days
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