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une information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yrs Ago

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une information [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Y 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, sie par value Retained earnings Total liabilities and equity $ 31,800 89,5ee 112,5ee 10,700 278, 5ee $ 523,000 $ 35,625 $ 37,8ee 62,500 50, 200 82,589 54,00 9,375 5, eee 255, eee 230, see $445, eee $ 377,500 $ 129,900 $ 75,250 $ 51, 250 98,5ee 163,5ee 131, 1ee 101,500 83, See 163,500 163,500 104,750 - 79,25e 445,000 $ 377,500 $ 523,00 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 Current Yr 1 yr ago Cost of goods sold 5673,50 other operating expenses $411,225 $532,000 $345,500 Interest expense 209,55e 134,989 Income tax expense 12,100 13,300 Total costs and expenses 9,525 Net income 642,400 Se2.625 Earnings per share $ 31,100 $ 29,375 8,845 (1-a) Compute days' sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year

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