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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: The company's income statements for the

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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: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover: (3.b) Determine if inventory tumover ratio improved or worsened in the current year. (4-o) 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. Determine if days' sales uncollected improved or worsened in the current year. Compute accounts recelvable turnover: Note: Round your answers to the nearest whole number. Determine if accounts receivable turnover ratio improved or worsened in the current year. Compute inventory turnover. Note: Round your answers to the nearest whole number. Determine if inventory turnover tatio improved or worsened in the current year. Compute days' sales in inventory. For each ratio, determine if days' sales in inventory improved or worsened in the current year. Days' sales in inventory Required 4A Hequird at

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