Grammarly Training | National... thics Assignment i Required Information The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 27,977 $ 32,703 $ 32,743 Accounts receivable, net 89,900 62,500 50,300 Merchandise inventory 110,506 85, 090 54, 090 Prepaid expenses 9,010 8, 585 3, 638 Plant assets, net 222,994 208, 092 180, 419 Total assets $ 460, 381 $ 396, 880 $ 321, 108 Liabilities and Equity Accounts payable $ 118,074 $ 69, 085 $ 43, 657 Long-term notes payable 89 ,148 94, 021 73, 092 Common stock, $10 par value 162,500 162,509 162, 506 Retained earnings 90,659 71, 274 41, 851 Total liabilities and equity $ 460,381 $ 396, 880 $ 321, 109 The company's income statements for the current year and one year ago follow. Assume that all sales ar For Year Ended December 31 Current Year 1 Year Ago Sales $ 598, 495 $ 472, 287 Cost of goods sold $ 365, 082 $ 306 987 Other operating expenses 185,533 119 489 Interest expense 10,174 16, 863 Income tax expense 7,780 7 084 Total costs and expenses 568, 569 444. 423 Net income $ 29,926 $ 27, 864 Earnings per share $ 1.84 3 1.71 (1-) 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