uired information e following information applies to the questions displayed below.] on Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago December 31 ssets ash ccounts receivable, net merchandise inventory repaid expenses lant assets, net otal assets Liabilities and Equity -ccounts payable ong-term notes payable Common stock, $10 par value Retained earnings Cotal liabilities and equity $ 29,823 $ 34,860 $ 36,683 89,500 62,000 52,000 111,500 84,000 53,000 9,604 9,151 4,076 275,362 254,635 232,341 $515,789 $ 444,646 $ 378,100 $125,863 95,029 162,500 132,397 $515,789 $ 73,642 $ 48,911 100, 223 81,889 162,500 162,500 108,281 84,800 $ 444,646 $ 378,100 e company's income statements for the current year and one year ago follow. Assume that all sa 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 $ 670,526 $ 409,021 207,863 11,399 8,717 637,000 $ 33,526 1 Yr Ago $ 529,129 $ 343,934 133,870 12,170 7,937 497,911 $ 31,218 $ 2.06 $ 1.92 mpute days' sales in inventory. reach ratio, determine if it improved or worsened in the current year. -a) Compute days' sales in inventory. -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 4A Required 4B Compute days' sales in inventory. Choose Numerator: Days Days' Sales In Inventory 1 Choose Denominator: 1 / 1 Il Days' Sales Days' sales 0 Current Yr: 1 Yr Ago: 0