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 $ 31,080 89,100 111,500 10,009 301,378 $543,067 $ 36,329 $ 38,623 63,000 50,400 84,000 51,000 9,536 4,291 275,296 257,886 $ 468,161 $ 402,200 $131,167 $ 76,746 $ 51,498 99,034 162,500 150,366 $543,067 104,447 86,220 162,500 162,500 124,468 101,982 $ 468,161 $ 402,200 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 $ 705,987 $ 430,652 218,856 12,002 9,178 670,688 $ 35,299 1 Yr Ago $ 557,112 $ 362,123 140, 949 12,814 8,357 524,243 $ 32,869 $ 2.17 $ 2.02 (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. Choose Numerator: Days Days' Sales Uncollected 1 Choose Denominator: 1 1 X = Days' Sales Uncollected Days' Sales Uncollected o days o days Current Yr: 1 Yr Ago: 1 X II (2-a) Compute accounts receivable turnover. (2-6) 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 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover