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[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

[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 $ 29,976 $ 33,998 $ 36,131
Accounts receivable, net 86,020 58,890 46,757
Merchandise inventory 110,316 81,028 50,808
Prepaid expenses 9,749 9,289 3,975
Plant assets, net 266,978 250,449 220,129
Total assets $ 503,039 $ 433,654 $ 357,800
Liabilities and Equity
Accounts payable $ 121,499 $ 73,288 $ 48,174
Long-term notes payable 92,680 101,735 81,446
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 126,360 96,131 65,680
Total liabilities and equity $ 503,039 $ 433,654 $ 357,800

For both the current year and one year ago, compute the following ratios:

The companys 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 $ 653,951 $ 516,048
Cost of goods sold $ 398,910 $ 335,431
Other operating expenses 202,725 130,560
Interest expense 11,117 11,869
Income tax expense 8,501 7,741
Total costs and expenses 621,253 485,601
Net income $ 32,698 $ 30,447
Earnings per share $ 2.01 $ 1.87

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Compute days' sales uncollected. Compute days' sales in inventory

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