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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid

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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 $ 33,980 89,400 112,000 10,943 341, 357 $ 587, 680 $ 39,719 $ 41,796 62, 100 50,900 82,000 59,000 10,426 4,644 312,376 274,460 $ 506,621 $ 430,888 $ 143,406 $ 83,987 $ 55,728 108,274 162,500 173,500 $ 587,680 114,192 93,303 162,500 162,500 146,022 119,269 $ 506,621 $ 430,800 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 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Current Yr $763,984 $ 466,830 236,835 12,988 9.932 725,785 $ 38,199 $ 2.35 1 Yr Ago $ 602,879 $ 391,871 152,528 13,866 9.943 567,308 $ 35,571 $ 2.19 (1-a) Compute days' sales uncollected (1-6) 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 1A Required 18 Compute days' sales uncollected. Days Sales Uncollected Choose Denominator Choose Numerator: X Days - Days' Sales Uncollected Days' Sales Uncollected days days Current Yr: 1 Yt Ago: X Required 18 (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 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected

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