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 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230, 500 $ 445,000 $ 377,500 $ 129,900 $ 75,250 $ 51, 250 98,500 163,500 131,100 $ 523,000 101,500 83,500 163,500 163,500 104,750 79,250 $ 445,000 $ 377,500 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: 506 1 YEAR, CO 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 $673,500 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 1 Yr Ago $ 532,000 $345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.80 Compute days' sales uncollected. For each ratio, determine if it improved or worsened in the current year. Compute days' sales uncollected. Days' Sales Uncollected Choose Numerator: 1 Choose Denominator: Days = Days' Sales Uncollected Days' Sales Uncollected days days Current Yr: 1 Yr Ago: For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: = Accounts Receivable Turnover Accounts receivable turnover times times Current Yr: 1 Yr Ago: For each ratio, determine if it improved or worsened in the current year........ Accounts receivable turnover