(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 $ 32,263 89, 100 114,500 10,390 295, 167 $ 541,420 $ 37,713 $ 38,506 62,700 50,900 83,500 56, eee 9,900 4, 278 272,928 235, 416 $ 466,741 $ 385,100 $ 136,162 $ 79,668 $ 51,342 102,805 162,500 139,953 541,420 1e8, 424 85,958 162,500 162,580 116,149 85,3ee $ 466,741 $ 385,100 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sale innnn mortgages on piant assets Common stock, $10 par value Retained earnings Total liabilities and equity 102,005 162,5ee 139,953 $ 541,420 106,424 65,958 162,500 162,500 116,149 85,300 $ 466,741 $ 385,100 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales ar 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 $ 703, 846 $ 429,346 218,192 11,965 9,150 668,653 $ 35, 193 $ 2.17 1 Yr Ago $ 555,422 $361, 624 148,522 12,775 8,331 522,652 $ 32,770 $ 2.82 Required 4A Required 4B Compute days' sales in inventory. Days. Sales In Inventory Choose Denominator: Choose Numerator: Days 11 # 1 Days' Sales In Inventory Days' sales in inventory days days / = Current Yr: 1 Yr Ago: Complete this question by entering your answers in the tabs below. Required 4A Required 4B For each ratio, determine if it improved or worsened in the current year. Days' sales in inventory