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[ The following information applies to the questions displayed below. ] Simon Company s year - end balance sheets follow. At December 3 1 Current

[The following information applies to the questions displayed below.]
Simon Companys year-end balance sheets follow.
At December 31 Current Year 1 Year Ago 2 Years Ago
Assets
Cash $ 34,773 $ 40,647 $ 40,696
Accounts receivable, net 90,00062,50050,800
Merchandise inventory 113,00084,00050,000
Prepaid expenses 11,19810,6704,522
Plant assets, net 323,243295,471253,082
Total assets $ 572,214 $ 493,288 $ 399,100
Liabilities and Equity
Accounts payable $ 146,756 $ 85,867 $ 54,262
Long-term notes payable 110,804116,86090,847
Common stock, $10 par value 162,500162,500162,500
Retained earnings 152,154128,06191,491
Total liabilities and equity $ 572,214 $ 493,288 $ 399,100
The companys income statements for the current year and one year ago follow. Assume that all sales are on credit:
For Year Ended December 31 Current Year 1 Yea(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.
Required 1A
Required 1B
Compute days' sales uncollected.r Ago
Sales $ 743,878 $ 587,013
Cost of goods sold $ 453,766 $ 381,558
Other operating expenses 230,602148,514
Interest expense 12,64613,501
Income tax expense 9,6708,805
Total costs and expenses 706,684552,378
Net income $ 37,194 $ 34,635
Earnings per share $ 2.29 $ 2.13
(1-a) Compute days' sales uncollected.
(1-b) For each ratio, determine if it improved or worsened in the current year.
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