Requlred 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 17-8 (Static) Analyzlng 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: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year (2-o) Compute accounts recelvable turnover (2-b) Determine if accounts receivabie tumovet ratio improved or worsened in the current year (3-0) Compute inventory turnover: (3-b) Determine finventory turnover rotio improved or worsened in the currentyean (4.0) Compute daysisales in inventory (4-b) Fon each ratio dete imine fdays' sales in inventory improved or worsened in the curcent year Compute days' sales uncollected. etermine if days' sales uncollected improved or worsened in the current year. 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 curnent 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. Determine if inventory turnover ratio improved or worsened in the current year. Compute days' sales in inventory. Complete this question by entering your answers in the tabs below. For each ratio, determine if days' sales in inventory improved or worsened in the current year. (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the cuttentyed versus one yeor ago? (3.0) Times interest earned Compute debt and equity ratio for the current year and one year ago. Complete this question by entering your answers in the tabs below. Compute debt-to-equity ratio for the current year and one year ago. Complete this question by entering your answers in the tabs below. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Compute times interest earnied for the current year and one year ago. Complete this question by entering your answers in the tabs below