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[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs

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[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 25, 123 $ 29,366 $ 30,284 Accounts receivable, net 89, 200 62,500 50,500 Merchandise inventory 112,000 84,500 50,000 Prepaid expenses 8,090 7,709 3,365 Plant assets, net 191,400 183,005 171, 751 Total assets $425,813 $367,080 $ 305,989 Liabilities and Equity Accounts payable $196,027 $ 62,037 $ 40,379 Long-term notes payable secured by mortgages on plant assets 80,053 84,428 67,604 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 77,233 58, 115 35,417 Total liabilities and equity $425,813 $367,080 $ 305,900 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Current Yr 1 Yr Ago Sales Cost of goods sold $ 553,557 $ 337,670 $ 283,936 $ 436,825 Other operating expenses 171,603 Interest expense 110,517 9,410 Income tax expense 10,847 7, 196 Total costs and expenses 6,552 525,879 411,052 Net income $ 27,678 $ 25,773 Earnings per share $ 1.70 $ 1.59 (1-a) Compute days' sales uncollected. (1-6) 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. Choose Numerator: Days' Sales Uncollected 1 Choose Denominator: Days Days' Sales Uncollected Days' Sales Uncollected X Current Yr: 1 Yr Ago: 1 X = O days o days X

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