The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 34,665 89,200 112,500 11, 163 358, 189 $605,717 $ 40,520 $ 43,079 62,400 50, 300 83,000 50,000 10,637 4,787 325,613 300, 434 $ 522,170 $ 448,600 $146,299 $ 85,599 $ 57,439 110,459 162,500 186,459 $605, 717 116,496 96,166 162,500 162,500 157,575 132,495 $ 522,170 $ 448,600 3 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 Y 1 yr ago Sales $ 787,432 $ 621,382 Cost of goods sold $ 480,334 $ 403,898 Other operating expenses 244,104 157,210 Interest expense 13,386 14,292 Income tax expense 10,237 9,321 Total costs and expenses 748,061 5841721 Net income $ 39,371 $36,661 Earnings per share 5 2.42 $ 2.26 SHVEL $36.661 $ 39,371 Net Income 2.42 $ $ 2.26 Earnings per share (1-a) Compute days' sales uncollected. (9-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 18 Compute days' sales uncollected. Days Sales Uncollected I Choose Denominator: X Days Choose Numerator X = Days' Sales Uncollected Days' Sales Uncollected o days 0 days X Current Yr 1 Yr Ago: X Required 1A Required 18 ) 13,386 10,237 14,292 9,321 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 748,061 $ 39, 371 $ 2.42 584,721 $36,661 $ 2.26 (1-a) Compute days' sales uncollected (1-1) 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 13 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected