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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. current Yn 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 $ 28,995 89,800 115,000 9,337 258,334 $ 501, 466 $ 33,892 $ 35,665 62,400 50,600 82,000 50,000 8,897 3,963 245, 109 227,372 $ 432,298 $ 367,600 $ 122,368 71,597 $ 47,553 92,390 162,500 124, 208 $ 501, 466 97,440 79,615 162,500 162,500 100,761 77,932 $ 432,298 $ 367,688 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 $ 651,906 $ 397,663 202,091 11,082 8,475 619, 311 $ 32,595 1 Yr Ago $ 514,435 $ 334,383 130,152 11,832 7,717 484,084 $ 30,351 $ 2.01 $ 1.87 Required 1A Required 1B Compute days' sales uncollected. Choose Numerator: Days' Sales Uncollected 1 Choose Denominator: Days Days' Sales Uncollected Days' Sales Uncollected x Current Yr: 1 0 days 1 Yr Ago: 1 0 days Reulen Required 1B >

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