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 $ 31,677 89,500 111,500 10,201 288,700 $ 531,578 $ 37,027 $ 37,806 63,000 50,000 84,000 56,000 9,7204 ,201 264,510 230,093 $ 458,257 $ 378,100 $133,687 $ 78,220 $ 50,408 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 100,936 162,500 134,455 $531,578 106,453 84,396 162,500 162,500 111,084 80,796 $ 458,257 $ 378,100 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 Current Yr $ 691,051 21,541 214,226 11,748 8,984 656,499 $ 34,552 2.13 1 Yr Ago $ 545, 326 $ 354, 462 137,967 542 8,180 513, 151 $ 32,175 $ 1.98 Earnings per share (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 Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days = Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Current Yr: 1 Yr Ago: Complete Lis quesLUIDY Cully your usweis M L LUS DIUW. Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times Current Yr: 1 Yr Ago: times Required 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Numerator: 7 Choose Denominator: = Inventory Turnover Inventory turnover times Current Yr: 1 Yr Ago: 1 I = = times Required 3A Required 3B > Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: 1 x Days = Days' Sales In Inventory Days' sales in inventory days days Current Yr: 1 Yr Ago: Required 4A Required 4B >