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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 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 $ 37,196 89,500 114,000 11,978 359,398 $ 612,072 $ 43,478 $ 43,531 62,100 51,600 82,500 52,000 11,413 4,837 328,157 274,932 $ 527,648 $426,900 $ 156,978 $ 91,848 $ 58,041 118,522 162,500 174,072 $ 612,072 125,000 97,175 162,500 162,500 148,300 109,184 $ 527,648 $426,900 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 $ 795,694 $ 485,373 246,665 13,527 10,344 755,909 $ 39,785 $ 2.45 1 Yr Ago $ 627,901 408,136 158,859 14,442 9,419 590,856 $ 37,045 $ 2.28 Required 1A Required 1B Compute days' sales uncollected. Days' Sales Uncollected Choose Denominator: Choose Numerator: x Days = = Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days Current Yr: 1 Yr Ago: Required 2A Required 2B Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: = Accounts Receivable Turnover Accounts receivable turnover Current Yr: times 1 Yr Ago: times Required 3A Required 3B Compute inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover i times Current Yr: 1 Yr Ago: times Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute days' sales in inventory. Days' Sales In Inventory. I Choose Denominator: Choose Numerator: x Days = = Days' Sales In Inventory Days' sales in inventory days days Current Yr: 1 Yr Ago

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