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[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December

[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net $ 29,021 89,700 $ 33,923 62,600 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 113,000 9,346 245,944 92,474 84,000 8,905 230,409 $ 487,011 $ 419,837 $ 122,478 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 162,500 109,559 $ 487,011 $ 71,662 97,528 162,500 88,147 $ 419,837 $ 34,637 51,400 59,000 3,849 197,514 $ 346,400 $ 46,182 77,320 162,500 60,398 $ 346,400 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 633,114 $ 386,200 1 Year Ago $ 499,606 196,265 10,763 8,230 601,458 $ 31,656 $ 324,744 126,400 11,491 7,494 470,129 $ 29,477 $ 1.81 $ 1.95 Days' Sales Uncollected Numerator: Denominator: Days = Days' Sales Uncollected Compute days' sales uncollected. Current Year: 1 Year Ago: = || = || = Days' sales uncollected 0 days 0 days (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 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected

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