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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 (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (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. Compute days' sales uncollected. Compute accounts receivable turnover. Note: Round your answers to the nearest whole number. Compute inventory turnover. Note: Round your answers to the nearest whole number. Compute days' sales in inventory
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