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 $ 34,127 89,800 110,000 10,990 322,168 $ 567,085 $ 39,891 $ 40,331 62,600 51,500 83,000 53,000 10,472 4,481 292,903 250, 088 $ 488,866 $ 399,400 $ 144,028 $ 84,271 $ 53,775 108,744 162,500 151,813 $ 567,085 114,688 90,033 162,500 162,500 127,407 93,092 $ 488,866 $ 399,400 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 $ 737, 211 $ 449,699 228,535 12,533 9,584 700, 351 $ 36,860 1 Yr Ago $ 581,751 $ 378,138 147,183 13,380 8,726 547,427 $ 34,324 $ 2.27 $ 2.11 (4-6) 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 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: Choose Numerator: 1 Days 1 Days' Sales In Inventory Days' saleesin inventory days days Current Yr: 1 Yr Ago: X X Required 4B > (4-0) 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 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days sales in inventory