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 Fommon stock, $10 par value Retained earnings Total liabilities and equity $ 33, 498 89,400 110,500 10,788 341, 143 $585, 329 $ 39,156 $ 41,629 62,800 51,600 84,000 57,000 10,279 4,625 308, 359 278,646 $ 504,594 $ 433,500 $141,375 $ 82,718 $ 55,505 106,741 162,500 174,713 $585, 329 112,575 92,929 162,500 162,500 146,801 122,566 $ 504,594 $ 433,500 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 Current Yr $ 760,928 $ 464,166 235,888 12,936 9,892 722,882 $ 38,046 1 Yr Ago $ 600,467 $ 390, 304 151,918 13, 811 9,007 565, 040 $ 35, 427 $ 2.34 $ 2.18 Earnings per share Exercise 13-8 Part 1 (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 18 Compute days' sales uncollected. Choose Numerator: Days Sales Uncollected Choose Denominator: * Days X + Days' Sales Uncollected Days' Sales Uncollected o days o days X Current Yr: 1 Yr Ago: X Required 1A Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Requfred 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: Inventory Turnover / 11 Inventory turnover Current Yr: times times 1 Yr Ago: 1 11 co Complete this question by entering your answers in the tabs belov Required 3A Required 3B For each ratio, determine if it improved or worsened in the current year. Inventory turnover Required 4A Required: 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory