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Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: he company's income statements for the
Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: he company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-n) Compute doys sales uncollected. (1-b) Determine if days' sives uncollected irpproyed or woisened in the current yeac (2-n) Compute otcounts receivable tuinower. (2-b) Determine If accounts tecelvable fumover rotio improved or worhened in the current yoar. (3-a) Compute inventory tumowes. (3-b) Determine If itrventory furnover ratio improved or worsened in the current year. (4-o) Compute days' sales in imventory. (4-b) For each ratio, determine if days sales in inventory improved or worsened in the current yea: Complete this question by entering your answers in the tabs below. Combute days' sales unchlected. Complete this question by entering your answers in the tabs below. Compute accounts receivable turnover. (Round your answers to the nearest whale number.) (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by enterine vour answers in the tabs below. Compute inventory turnover. (Round your answers to the nearest whole number.) Complete this question by entering your answers in the tabs below. Compute days' sales in inventory
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