[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 37,323 89,900 112,000 12,019 368,944 $620,186 $ 43,627 $ 44,108 62,400 52,000 83,000 54,000 11,452 4,901 334,164 281,791 $ 534,643 $ 436,800 $157,515 $ 92,162 $ 58,811 118,927 162,500 181,244 $620,186 125,427 98,463 162,500 162,500 154,554 117, 026 $ 534,643 $ 436,800 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on cred 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 Yr $ 806,242 $ 491,808 249,935 13,706 10,481 765,930 $ 40,312 $ 2.48 1 Yr Ago $ 636,225 $ 413,546 160,965 14,633 9,543 598,687 $ 37,538 $ 2.31 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. (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 Compute days' sales uncollected. Days' Sales Uncollected 1 Choose Denominator: Choose Numerator: * Days - Days' Sales Uncollected Days' Sales Uncollected days Current Yr: 1 Yr Ago: days Required 1A Required 18 > (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 ( Required 1A Required 18 ) Complete this question by entering your answers in the tabs below. Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: 1 Choose Denominator: = Accounts Receivable Turnover Accounts receivable turnover times Current Yr: 1 Yr Ago: times (Required 2A Required 2B > (2-a) Compute accounts receivable turnover. (2-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 2A Required 2B For each ratio, determine if it improved or worsened in the current year. Accounts receivable turnover ( Required 2A Required 2B >