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 $ 32,231 89,800 110,500 10,379 320,275 $ 563,185 $ 37,675 $ 40,054 62,100 51,600 83,500 53,000 9,890 4,450 292,339 267,996 $ 485,584 $ 417,100 $ 136, 026 $ 79,589 $ 53,405 102,702 162,500 161,957 $ 563,185 108, 316 89,414 162,500 162,500 135,099 111,781 $ 485,504 $417,100 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 Earnings per share Current Yr $ 732,141 $ 446,606 226,964 12,446 9,518 695,534 $ 36,607 $ 2.25 1 Yr Ago $ 577,750 $375,538 146,171 13,288 8,666 543,663 $ 34,087 $ 2.10 Required information Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Choose Numerator: Days' Sales In Inventory Choose Denominator: X Days 1 X 1 Current Yr: 1 Yr Ago: Days' Sales In Inventory Days' sales in inventory 0 days 0 days X Required 4B > Required information (4-a) Compute days' sales in inventory (4-6) 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 4 Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory