Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 13-8 (Static) Analyzing and interpreting liquidity LO P3 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute days' sales uncollected. Complete this question by entering your answers in the tabs below. Determine if days' sales uncollected improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute accounts receivable turnover. Complete this question by entering your answers in the tabs below. Determine if accounts receivable turnover ratio improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute inventory turnover. Complete this question by entering your answers in the tabs below. Compute days' sales in inventory