Use the tollowing Intormation for the Exerches below. |Algol [The foulowing information appies to the questions pisplayed beiow] Simon Company's year-end balance sheets follow. For both the wrient year and one year ago, compute the following ratios: Exercke 8 |Akol Anelyzing and Interpreting Ikqukdity LO P3 The company's income statements for the wrrent year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or wor sened in the current year. (2-a) Compute accounts recevable turnover. (2-b) Determine if accounts recelvable turnover ratlo improved or wor sened in the current year. (3-a) Compute Inventory turnover. (3-b) Determine if Inventory turnover ratlo improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-b) For each ratio, determine ff days' sales in inventory improved or wor sened in the current year. Complete this question by entering your answers in the tabs below. Compute days'sales uncollected. Use the following Intormation for the Exerches below. |Algo| [The foulowing information appites to the questions displayed beiow.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratlos: Exercke 78 (Akgol Analyzing and Interpreting lkukdly LO P3 The company's income statements for the wrent year and one year ago follow. Assume that all sales are on credt: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncolleded improved or wor sened in the current year. (2-a) Compute accounts recevable turnover. (2-b) Determine if accounts recelvable turnover ratlo improved or wor sened in the current year. (3-a) Compute Inventory turnover. (3-b) Determine if Inventory turnover ratlo improved or wor sened in the current year. (4-a) Compute days' sales in Inventory. (4-bi) For each ratio, determine if days' sales in inventory improved or wor sened in the current year. Complete this question by entering your answers in the tabs below. Compute accounts receivable turnover. (Round your answers to the nearest whole number.) Use the tolkwing Intormatbon tor the Exerckes be kow. (Algo) [The foulowing information apples to the questions okplayed beiow.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratlos: Exercke 78 (Algol Anelyzing and Interpreting lkuklty LO P3 The company's income statements for the current year and one year ago follow. Assume that all sales are on credlt: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or wor sened in the current year. (2-a) Compute accounts recevable turnover. (2-bi) Determine if accounts recevable turnover ratio improved or wor sened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if Inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in Inventory. (4-bi) For each ratio, determine if days' sales in Inventory improved or wor sened in the current year. Complete this question by entering your answers in the tabs below. Compute inventory turnover. (Round your answers to the nearest whole number.) Use the following Intormation tor the Exerches bebw. |Alge| [The foulowing information apples to the questions oisplayed beiow] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratlos: Exerclse 78 (Algol Analy zing and Interpreting Ilquklty LO P3 The company's income statements for the current year and one year ago follow. Assume that all sales are on credt:: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncolleded improved or wor sened in the current year. (2-a) Compute accounts recevable turnover. (2-b) Determine if accounts recevable turnover ratlo improved or wor sened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if Inventory turnover ratlo improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine ff days' sales in Inventory improved or wor sened in the current year. Complete this question by entering your answers in the tabs below. Compute days'sales in inventory