Homework: Financial Statement Analysis Assignment i Saved 6 Required information [The following information applies to the questions displayed below.] Part 1 of 4 Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash 2 $ 26, 443 $ 30, 910 $ 32, 861 Accounts receivable, net 89, 400 62, 200 51, 100 points Merchandise inventory 113, 500 83, 000 51, 000 Prepaid expenses 8, 516 8, 114 3, 651 Plant assets, net 224, 193 214, 097 203, 588 Total assets $ 462, 052 $ 398, 321 $ 342, 200 Book Liabilities and Equity Accounts payable $ 111, 599 $ 65, 297 $ 43, 815 Long-term notes payable 84, 260 88, 865 73, 357 Common stock, $10 par value 162, 500 162,500 162,500 Print Retained earnings 103, 693 81, 659 62,528 Total liabilities and equity $ 462, 052 $ 398, 321 $ 342, 200 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: References For Year Ended December 31 Current Year 1 Year Ago Sales $ 600, 668 $ 474, 902 Cost of goods sold $ 366, 407 $ 308, 101 Other operating expenses 186, 207 119,923 Interest expense 10, 211 10,902 Income tax expense 7, 809 7, 110 Total costs and expenses 570, 634 446, 036 Net income $ 30, 034 $ 27,966 Earnings per share $ 1.85 $ 1. 72 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year.(1-0) Compute days' sales uncollected. l1b] For each ratio, determine if it improved or worsened in the current year. Complete this question by entering your answers in the labs below. Required 1A Required 13 Compute days' sales uncollected. Days' sales uncollected Current Year: = days 1 Year Ago: X = days Complete this question by entering your answers in the tabs below. Required 1A Required 1B For each ratio, determine if it improved or worsened in the current year. Days' sales uncollected