{The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 yr Ago 2 yrs ago Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-tern notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 3,500 163,500 Retained earnings 131, 100 104,750 79, 250 Total liabilities and equity $ 523,000 $445,000 $377,500 1 Yr Ago The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Current Yr Sales $673,500 $532,000 Cost of goods sold $411,225 $345,500 Other operating expenses 209,550 134,980 Interest expense 12, 100 13,300 Income tax expense 9,525 8,845 Total costs and expenses 642,400 502,625 Net income $ 31, 100 $ 29,375 Earnings per share $ 1.90 $ 1.80 (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: X Days Choose Numerator: 1 - Days' Sales Uncollected Days' Sales Uncollected days days X Current Yr: X 1 1 Yr Ago: Required 1 Required 10 For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected