[The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Y 2 YE Ago 2 XS Ago $ 37, 248 89, 100 113) 500 11,995 373) 229 $625,072 $ 43,539 44,456 62,000 50.700 82,000 53,000 11,429 41940 339,882 291, 504 S 538, B55 $ 444,600 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $152, 199 $ 91,977 S 59, 274 118,689 162,500 186,684 $625,072 125, 176 99,39 162,500 162,500 159,202 1231587 $538,85 $441,600 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on credit Add $16411232 For Year Ended December 31 Sales Cost Of goods sold Other operating expenses Interest expense Current YA $ B12,594 S495, 682 251904 13,84 SIME 262328 4 of 14 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $ B12,599 $ 495,682 251,904 13,814 10.564 772.964 S40, 630 2.50 1 Yr Ago 5.691,237 $416,804 162.233 14,748 9,619 603, 404 $ 37,833 $ 2.33 Earnings per share (1-6) 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 IA Required 18 Required 1A Required 18 Compute days' sales uncollected Daya Sales Uncollected Choose Denominator: Days Choone Numerator: - Days' Sales Uncollected Days' Sales Uncollected o days o days Current Ye: 1 Yr Ago: Required 13 > Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected