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Required Information The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 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 Common stock, 510 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 24,932 $ 30,333 $ 31,597 75,947 50,480 41,716 94,562 70,145 43,987 8,357 7,884 3,545 227,403 212,883 192.055 $1431, 201 $ 371,725 $ 312,900 $ 106,295 80,255 163,500 81,151 $ 431,201 562,193 85,497 162,500 61,535 $ 371,725 $ 41,303 70,534 162,500 38,563 $ 312,900 For both the current year and one year ago, compute the following ratios The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: Check my work The company's income statements for the current year and one year ago follow. Assume that all sales are on credit 75 FOR Year Ended December 31 Sales Cout of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Cueront Year 5 560,561 $ 341.942 173, 274 9.530 2,283 532533 $ 28,028 $ 1.72 1 Yago $442,353 3.287.529 111,915 10,194 5.635 415253 $26.100 $1.61 (1-a) Compute days' sales uncollected (1-1) Determine if days' sales uncollected improved or worsened in the current year, (2-a) Compute accounts receivable turnover (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current your (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.b) For each ratio, determine if days' sales in inventory improved or worsened in the current yea Complete this question by entering your answers in the tabs below. LAUSNY Required information Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Required 4 Required 48 Compute days' sales uncollected. Days Sales Uncollected Denominator: Numerator: Days * Days Sales Uncollected Days' sales uncollected o days o days Current Year: 1 Year Ago: Required 18 >

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