[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,120 $ 34,039 $ 34,414 Accounts receivable, net 89,700 $2,500 50,500 Merchandise Inventory 15,000 83,500 52,000 Prepaid expenses 9,378 8,935 3,824 Plant assets, net 240,683 228,165 200,062 Total assets $ 483,881 417139 $ 340,800 Liabilities and Equity Accounts payable $122,896 $71,906 $ 45,885 Long-term notes payable 92,789 7.861 76,823 Common stock, $10 par value 62,500 62,500 62,500 Retained earnings 105,696 84,872 55,592 Total liabilities and equity $ 483,881 6 417139 $ 340,800 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 1 Year Ago Sales $ 629,045 $ 496,395 Cost of goods sold $ 383,717 $ 322,657 Other operating expenses 195.004 125,588 Interest expense 10.694 11,417 Income tax expense 8,178 7,446 Total costs and expenses 597,593 467108 Net Income $ 31,452 $ 29,287 Earnings per share $ 1.94 1.80 9. Award: 2.00 paints (4-a) Compute days' sales in inventory. (4-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 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory. Numerator: Denominator: Days = Days' Sales In Inventory Days' sales in inventory Current Year: 0 days 1 Year Ago: 0 days