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Simon Company's year-end balance sheets follow Current Year 1 Year to 2. Years At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-term netes payable Common stock, 510 par value Retained earnings Total liabilities and equity $ 13,546 89,00 111. See 10,303 311,780 $ 554,429 $ 39,212 62,200 34,000 10,293 254,817 $410,542 539,645 50,300 54,00 4,405 244,250 $392,600 $141.576 106,093 162,500 146.460 5 557, 429 $ 82,836 112,735 162,500 122,471 5.480,542 $ 52,160 58,500 162,500 58.740 $392,600 The company's income statements for the current year and one 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 Tecome tax expense Total costs and expenses fit inco Farring per share Current Year $ 724.658 5.442.041 224.644 12,319 1 A $571,145 $31.99 144,677 1,152 088.435 $36,233 $2.23 531,00 $13.739 5 2.0 11-a) Compute days sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year Complete this question by entering your answers in the tabs below. Required 1A Required 1 Compute days' sales collected Das Sales Uncollected Denominata Numaton Days Days Sales Uncollected Days' onlos unbollected Current Year The company's income statements for the current year and one year ago follow. Assume that all sales are on credit For Year Ended December 31 Current Year 1 Year Sales $724,658 $ 571,845 Cost of goods sold $442,041 $ 371,699 Other operating expenses 224,644 144,677 Interest expense 12,319 13,152 Income tax expense 9,421 3.578 Total costs and expenses 688,435 538, 106 Net income $36,233 $ 33,739 Earnings per share 5 2.23 $ 2.00 (1-a) Compute days' sales uncollected (1-6) For each ratio determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Compute days' sales uncollected Daya Sales Uncollected Denominator Numerator Current Year: 1 Year Ago Days - Days' Sales Uncollected Days: sales uncollected = - o days o days Required 18 > yed go 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 Year $ 724,658 $ 442,041 224,644 12,319 9.421 688,425 $36,233 3 2.23 1 Year Ago $ 571,845 $ 371,699 144,677 13,152 3,578 538.106 $ 33,739 $ 2.08 (1-0) Compute days' sales uncollected (1-6) For each ratio determine if it improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 10 For each ratio, determine if it improved or worsened in the current year Days' sales uncollected

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