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 $ 27,351 89,900 112,500 8,808 215,931 $ 454,490 $ 31,971 $ 32,324 62,600 50,500 82,500 55,000 8,392 3,592 206,339 178,684 $ 391,802 $ 320,100 $ 115,431 $ 67,539 $ 43,098 87,153 162,500 89,406 $ 454, 490 91,917 72, 157 162,500 162,500 69, 846 42,345 $ 391,802 $ 320,100 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 $ 590,837 $ 360, 411 183,159 10,044 7,681 561, 295 $ 29,542 $ 1.82 1 Yr Ago $ 466, 244 $ 303,059 117,960 10,724 6,994 438,737 $ 27,507 $ 1.69 $ 360, 411 183, 159 10,044 7,681 $ 303,059 117,960 10,724 6,994 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 561,295 29,542 $ 438,737 $ 27,507 $ 1.69 $ 1.82 (4-a) Compute days' sales in inventory. (4-6) 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 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory. Choose Denominator: Choose Numerator: 1 Days / = Days' Sales In Inventory Days' sales in inventory days days Current Yr: / X 1 Yr Ago: 1 X