Help Saved Homework 7 4 1 Tr Ago 2 Yrs Ago Current Yr At December 31 Assets $ 28,622 $ 29,815 51,100 57,000 3,313 162,972 $ 24,486 89,700 111,500 7,885 185,641 Cash Accounts receivable, net. Merchandise inventory Prepaid expenses Plant assets, net 62,900 82,500 7,513 179,855 $361,390 $ 304,200 Part 1 of 4 $419,212 Total assets tiabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stoek, $10 par value Retained earnings 214 $103,340 $ 60,464 # 39,753 points 66,556 162,500 35,391 $ 361,390 304,200 78,024 82,289 162,500 56,137 Skipped 162,500 75,348 $419,212 Total liabilities and equity elook Hint The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit Print 1 Yr Ago Currest Tr $ 544,976 For Year Ended Decenber 31 $430,054 Sales Cost of goods sold Other operating expenses 279,535 108,804 332,435 168,943 ,265 7,08s 9,891 6,451 Interest expense Ineome tax expense Total coats and expenses 404,681 25,373 517,72 S 27,24 Net income 1.4 1.56 Earnings per share (1-a) Compute days' sales uncollected (1-b) For each ratio, determine if it improved or worsened in the current year