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 $ 36,276 $ 42,403 $ 43,728 89, 8906 2,400 50, 100 110,000 83,500 51,000 11,682 11,131 4,859 367,088 330,606 292,013 $614,846 $530,040 $441,700 $153,097 $ 89,577 $ 58,304 115,591 162,500 183, 658 $614,846 121,909 97,616 162,500 162,500 156,054 123,280 $530,040 $441,700 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 $799, 300 $487,573 247, 783 13,588 10,391 759,335 $ 39,965 $ 2.46 1 Yr Ago $630,748 $499,986 159,579 14,507 9,461 593,533 $ 37,215 $ 2.29 Required 1A Required 1B Compute days' sales uncollected. Days Sales Uncollected Choose Denominator: Choose Numerator: x Days - Days' Sales Uncollected Days' Sales Uncollected days days Current Yr: 1 Yr Ago: Required 18 >