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-tern notes payable Connon stock, $10 par value Retained earnings Total abilities and equity $ 29,990 89,900 114,000 9,368 250,688 $ 493,046 $ 34,003 62,800 84,500 8,926 234,811 $ 425,040 $ 35,066 51,900 56,000 3,896 207 338 $ 354,200 $ 122,753 92,693 162,500 115,085 $493,046 $ 71,832 97,759 162,500 92.949 $425,040 $ 46,754 78,278 162,500 66.663 $ 354,200 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 casts and expenses Net Income Earnings per share Current Year $ 640,000 $ 390,986 198,098 10.896 3332 603.912 $ 32,048 $ 1197 1 Year Ago $ 505,798 $ 328.769 127.957 11,633 2.582 475.55 5 29,842 $ 1.6 Check my work 8 Required information (4-0) Compute Gays sales in inventory (4-b) For each ratio, determine if it improved or worsened in the current year. 4 of 4 Complete this question by entering your answers in the tabs below. Required 4 Required 48 supped Compute days' sales in Inventory Days' Sales In Inventory Denominator Days Numerator: Brit Days' Sales In Inventory Days sales in Inventory o days days 1 1 1 Current Ye 1 Yr Agol Required 48 >