The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Current Year 1 Year Age 2 Years Ago $ 30,826 90,236 $ 35,672 $38,296 51,567 112,312 83,325 54,938 10,136 9,364 278,953 257,729 234,078 5522,473 $450,0 $383,000 Liabilities and Equity Accounts payable $132,698 $76,880 352,073 Long-term notes payable 58,225 103,54 82,950 Common stock, $10 par value 162,500 162,500 263,500 Retained earnings Total liabilities and equity 129, $522,473 107,434 $4,477 $450,406 For both the current year and one year ago, compute the following ratios $383,000 The company's 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 Sales $679,215 1 Your App. 3535,986 Cost of goods sold $414,321 Other operating expenses 210,557 Interest expense Income tax expense 11,547 135,004 12,128 8,830 Total costs and expenses Net income 645,255 $33,960 504,363 $31,623 $2.09 $ 1.05 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 cument year (3-a) Compute Inventory turnover (-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 1A Required 18 Required 28 Required 23 Required 36 Required 33 Compute days sales uncollected Numerator Ons Sales Undollected Denominator Accounts receivables, net Net sales Days -Days Sales Uncollected Days sales incollected Current Year S 68215 days 1 Year Ag $ say Required 18> ons displayed below] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $30,826 $35,672 $38,296 Accounts receivable, net Merchandise inventory Prepaid expenses 90,236 112,332 64,318 51,567 83,325 54,930 10,126 9,364 4,129 Plant assets, net 278,953 Total assets $522,473 257,729 $450,406 234,078 $383,000 Liabilities and Equity Accounts payable $132,698 $76,880 $ 52,073 Long-term notes payable 98,225 103,594 Common stock, $10 par value 162,500 162,500 Retained earnings 129,050 107,434 Total liabilities and equity $522,473 $450,408 For both the current year and one year ago, compute the following ratios 163,500 84,477 $383,000 The company's Income statements for the current year and one year ago follow. Assume that all sales are on credit For Year Ended December 11 Current Year 1 Year Ago Sales $679,215 $535,986 Cost of goods sold $414,321 $348,391 Other operating expenses 210,557 Interest expense 11,547. Income tax expense 8,830 135,604 12,328 8,040 Total costs and expenses Net income 645,255 $33,960 504,363 $31,623 Earnings per share $2.00 $1.95 (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 (2b) 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 1A Required 18 Required 24 Required 20 Required 3A Required 38 Required 44 Required 40 Compute accounts receivable turnover. (Round your answers to the nearest whole number.) Numerator Accounts receivable Current Year 1 Year Ago Accounts Receivable Turnover Denominator Accounts Receivable Tumover Accounts receivable tumover 0mes mes [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow 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 Common stock, $10 par value Retained earnings Total 11abilities and equity Current Year 1 Year Ago 2 Years Ago $30,826 90,236 $ 35,672 $ 38,296 64,318 83,325 112,332 10,126 278,953 $ 522,473 $132,698 98,225 162,500 129,050 9,364 257,729 $450,408 $ 76,880 103,594 51,567 54,930 4,129 234,078 $ 383,000 $ 52,073 82,950 163,500 162,500 107,434 84,477 $ 522,473 $450,408 $ 383,000 For both the current year and one year ago, compute the following ratios The company's 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 Sales $679,215 Cost of goods sold $414,321 Other operating expenses Interest expense Income tax expense 210,557 11,547 8,830 Total costs and expenses 645,255 Net Incone $ 33,960 Earnings per share $2.09 1 Year Ago $535,986 5348,391 115,604 12,328 040 504,363 $31,623 $1.95 (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 1A Required 15 Required 2A Required 20 Required 3A Required 35 Required (A Compute inventory turnover (Round your answers to the nearest whole number), Inventory Turnover Numerator Net sales Denominator Accounts receivable Current Year Inventory Tumover Inventory turnover 1 Year Aga times Omes Required 45 #2 of 4 eBook Print [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Agu 2 Years Ago $35,672 64,318 $ 30,826 90,236 112,332 10,126 278,953 5522,473 $132,698 98,225 83,325 9,364 257,729 $ 450,408 $ 76,880 103,594 162,500 187,434 162,500 129,050 $ 522,473 $ 450,408 For both the current year and one year ago, compute the following ratios: $38,296 51,567 54,938 4,129 234,078 $ 383,000 $52,073 82,950 163,500 84,477 $ 383,000 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit For Year Ended December 11 Sales Current Year 1 Year Ago $679,215 $535,986 Cost of goods sold $414,321 $348,391 Other operating expenses 210,557 Interest expense 11,547 135,604 12,328 Income tax expense 8,830 8,040 Total costs and expenses Net Incone 645,255 $ 33,90 504,363 $31,623 $2.09 $2.95 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 tumover 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 LA Required 18 Required 2A Required 20 Required 3A Required 38 Required A Required a Compute days sales in inventory Current Year: 1 Year Ago: Numerator Days Sales In Inventory Denominator Days Days' Sales in Inventory Days sales in inventory 0 days days