The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: For Year Ended Current Year December 31 1 Year Ago $ $ Sales 788,081 621,894 $ Cost of goods sold 480,729 404,231 Other operating 244,305 157,339 expenses Interest expense 13,397 Income tax expense 10,245 14,304 9,328 Total costs and 748,676 585,202 expenses $ 39,405 $ 36,692 $ 2.42 $ 2.26 Net income Earnings per share (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. Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 1A 3B 4A 4B 1B 2A 2B 3A Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover < Required 3A Required 4A > Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 1A 1B 2A 2B 3A 3B Compute days' sales uncollected. 4A 4B Current Year: 1 Year Ago: Numerator: Days' Sales Uncollected Denominator: Days Days' Sales Uncollected 1 < Required 1A Required 1B > Days' sales uncollected 0 days 0 days Complete this question by entering your answers in the tabs below. Required Required Re Assessment Tool iFrame equired Required Required 1A 3B 4A 4B 1B ZA ZB SA Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected < Required 1A Required 2A > Complete this question by entering your answers in the tabs below. 2B Required Required Required Required Required Required Required Required 1A 1B 2A 3A 3B Compute accounts receivable turnover. 4A 4B Note: Round your answers to the nearest whole number. Current Year: 1 Year Ago: Accounts Receivable Turnover Numerator: Denominator: = Accounts Receivable Turnover Accounts receivable turnover 0 times 0 times Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 1A 4A 1B 2A 2B 3A 3B 4B Determine if accounts receivable turnover ratio improved or worsened in the current year. Accounts receivable turnover < Required 2A Required 3A > 1B Required Required Required Required Required Required Required Required 1A 2A 2B 3A 3B 4A 4B Compute inventory turnover. Note: Round your answers to the nearest whole number. Inventory Turnover Numerator: Denominator: = Inventory Turnover Inventory = turnover Current Year: 1 Year Ago: < Required 2B = 0 times = 0 times Required 3B > Required Required Required Required Required Required Required Required 1A 1B 2A 2B 3A 3B 4A 4B Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover < Required 3A Required 4A > entering your answers in the tabs below. Assessment Tool iFrame 1B 2B 3B 4A 4B Required Required Required Required Required Required Required Required 1A 2A 3A Compute days' sales in inventory. Days' Sales In Inventory. Days' Sales In Numerator: Denominator: Days = Inventory Days' sales in 1 = inventory Current = 0 days Year: 1 Year Ago: = 0 days < Required 3B Required 4B Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 1A 3A 3B 1B 2A 2B 4A 4B For each ratio, determine if days' sales in inventory improved or worsened in the current year. Days' sales in inventory < Required 4A Required 4B >