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 58,600 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 Current Year $ 532,034 $ 324,541 164,931 9,045 6,916 505,433 $ 26,601 $ 1.64 1 Year Ago $ 419,842 $ 272,897 106,220 9,656 6,298 395,071 $ 24,771 $ 1.52 Earnings per share (4-a) 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: Days 365 1 Days' Sales In Inventory Days' sales in inventory o days 0 days Current Year: 1 Year Ago: 1 Rem A Required 4B >