{The following information applies to the questions displayed belowj 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 $ 24,655 $ 28,819 $ 29,720 89,600 62,700 50,100 114,500 82,000 59,000 7,940 7,565 3,302 181, 183 179, 156 158, 078 $417,878 $360,240 $300,200 $104,052 $ 60,881 $ 39,626 78,561 82,855 66,344 162,500 162,500 162,500 72,765 54,004 31,730 $417,878 $360,240 $300,200 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 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $543,241 $331, 377 168, 405 9,235 7,062 516,079 $ 27,162 $ 1.67 1 Yr Ago $428,686 $ 278,646 108,458 9,860 6,430 403,394 $ 25,292 $ 1.56 (1-2) Compute days' sales uncollected, (1-6) 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: x Days X Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Current Ye: 1 Yr Ago: Required 18 > (1-a) Compute days' sales uncollected (1-6) 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