[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 Current Year 1 Year Ago $ 28,174 89,500 $ 32,933 62,600 110,500 9,073 250,031 $ 487,278 $ 118,906 89,776 162,500 116,096 82,000 8,645 233,889 $ 420,067 $ 69,571 94,683 162,500 93,313 2 Years Ago $ 34,656 51,700 58,000 3,851 208,993 $ 357,200 $ 46,207 77,362 162,500 71,131 Total liabilities and equity $ 487,278 $ 420,067 $ 357,200 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 $ 633,461 $ 386,411 1 Year Ago $ 499,880 196,373 10,769 8,235 $ 31,673 $ 324,922 126,470 11,497 7,498 470,387 $ 29,493 $ 1.81 601,788 $ 1.95 -a) Compute days' sales uncollected. -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. Current Year: Year Ago: Days' Sales Uncollected Numerator: Denominator: * Days = 1 1 Days' Sales Uncollected Days' sales uncollected x = 0 days x = 0 days