The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. A December Current Year 1 Year Ano 2 Years o Assets Cash $ 32,051 $ 37,464 $ 37,878 Accounts receivable, net 89,500 62,100 58,189 Merchandise inventory 114,500 83,000 59,000 Prepaid expeoses 10,321 9,834 4,209 Plant assets, net 286,210 266,724 223,913 Total assets $ 532,582 $ 459,122 $ 375,190 Liabilities and Equity Accounts payable $ 135,265 $ 79,143 $ 50,503 Long-term notes payable 102,128 197,710 34,555 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 132,689 109,769 77,542 Total liabilities and equity $ 532,582 $ 459,122 5 375, 100 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 ARO Sales $ 692,357 $ 546,355 Cost of goods sold $ 422,338 $ 355,131 Other operating expenses 214,631 138,228 Interest expense 11,770 12,566 Income tax expense 9,001 8,195 Total costs and expenses 657,740 514,120 Net income $ 34,617 $ 32,235 Earnings per share $ 2.13 $ 1.98 Exercise 13-8 (Algo) Part 4 (Alternate Version) (4-a) Compute days' sales in inventory (4-6) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tobs below. Required 4A Required 4B Compute days' sales in inventory. Numerator: Days Sales In Inventory Denominator: Days # Current Year: Days' Salos In Inventory Days' sales in inventory days days 1 Year Ago: Required 4 Required 4B >