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Required information (The following information applies to the questions displayed below.) Simon Companys year-end balance sFor Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs(1-a) Compute days sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Comple(1-a) Compute days sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year. Comple(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. C(2-a) Compute accounts receivable turnover. (2-b) For each ratio, determine if it improved or worsened in the current year. C(3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. Complete th(3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. Complete th(4-a) Compute days sales in inventory. (4-b) For each ratio, determine if it improved or worsened in the current year. Compl(4-a) Compute days sales in inventory. (4-b) For each ratio, determine if it improved or worsened in the current year. Compl

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Answer #1

Requirement: 1a Years X Numerator Accounts Receivable 89600 Days sales Uncollected 1 Denominator Net Sales 648003 511355 = =

Requirement: 3a Year Numerator Cost of goods sold 395282 332381 Inventory turn over ratio Denominator 7 Average Inventory 972

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