Question: Please answer using the provided graph to fill in the empty spaces. [The following information applies to the questions displayed below.] Simon Company's year-end balance

 Please answer using the provided graph to fill in the emptyspaces. [The following information applies to the questions displayed below.] Simon Company's

Please answer using the provided graph to fill in the empty spaces.

year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago2 Yrs Ago Assets Cash $ 29,949 $ 35,008 $ 36,838 Accountsreceivable, net 89 , 100 62,300 50,500 Merchandise inventory 111, 000 83,50057,000 Prepaid expenses 9, 645 9 , 190 4,093 Plant assets, net

[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 29,949 $ 35,008 $ 36,838 Accounts receivable, net 89 , 100 62,300 50,500 Merchandise inventory 111, 000 83,500 57,000 Prepaid expenses 9, 645 9 , 190 4,093 Plant assets, net 278, 277 256,529 231, 269 Total assets $517, 971 $ 446,527 $ 379, 700 Liabilities and Equity Accounts payable $126, 395 $ 73,954 $ 49, 118 Long-term notes payable secured by mortgages on plant assets 95, 431 100, 647 82, 235 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 133, 645 109, 426 85, 847 Total liabilities and equity $517,971 $ 446, 527 $ 379, 700 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 Current Yr 1 Yr Ago Sales $ 673, 362 $ 531, 367 Cost of goods sold $ 410, 751 $ 345, 389 Other operating expenses 208, 742 134, 436 Interest expense 11, 447 12, 221 Income tax expense 8 , 754 7,971 Total costs and expenses 639, 694 500, 017 Net income $ 33, 668 $ 31, 350 Earnings per share S 2. 07 $ 1.93Compute days' sales in inventory. Days' Sales In Inventory Choose Numerator: 1 Choose Denominator: X Days Days' Sales In Inventory X Days' sales in inventory Current Yr: X 0 days 1 Yr Ago: X 0 daysFor each ratio, determine if it improved or worsened in the current year. Days' sales in inventory(4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if it improved or worsened in the current year

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