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, 489 89,600 114,000 10, 141 293, 875 $539, 105 36, 808 62,200 84,500 9,662 271, 576 $ 464, 746 $ 38, 342 51,000 55,000 4, 260 242, 598 $ 391, 200 $132, 895 $ 77, 757 $ 51, 122 100, 338 162,500 143, 372 $539, 105 105, 823 85, 591 162,500 162,500 118,666 91,987 $ 464, 746 $ 391, 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 Current Yr $ 700, 837 $ 427,511 217, 259 11,914 9, 111 665, 795 $ 35, 042 1 Yr Ago $ 553, 048 359, 481 139, 921 12, 720 8, 296 520, 418 $ 32,630 Earnings per share 2. 16 $ 2.01 (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. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: Days = Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days = Current Yr: 1 Yr Ago: 1 Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: Accounts Receivable Turnover / Accounts receivable turnover Current Yr: 1 = times 1 Yr Ago: times Compute inventory turnover. Inventory Turnover Choose Numerator: 1 Choose Denominator: = Inventory Turnover Inventory turnover II II times Current Yr: 1 Yr Ago: times 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: Days = Days' Sales In Inventory Days' sales in inventory 0 days 0 days = Current Yr: 1 Yr Ago: / =