At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 27.118 89,900 111,000 $31,699 62,300 $33,020 84.000 Acc

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At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash 27 118 89 900 111 000 31 699 62 300 33 020 84 000 Acc 1 (31.97 KiB) Viewed 30 times

At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 27.118 89,900 111,000 $31,699 62,300 $33,020 84.000 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 8,733 227,524 8,321 213,917 50,200 52,000 3,669 198,011 $336,900 $ 464,275 400,237 Liabilities and Equity Accounts payable $ 66,964 #44,026 Long-term notes payable 91,134 $ 114,448 96,411 162,500 100,916 73.710 Common stock, $10 par value 162,500 162,500 Retained earnings 79,639 56,664 Total liabilities and equity $:464,275 $ 400,237 $336,900 The company's Income statements for the current year and one year ago follow. Assume that all sales are on credit Current Year 1 Year Apo For Year Ended December 31 Sales $603,558 $.476,282 Cost of goods sold $360,170 107,103 € 309,583 120,499 10,954 Other operating expenses Interest expense 10,260 7,846 Income tax expense 448,100 428,11 Total costs and expenses Net incone 573,379 $30,179 1.86 $ 1.73 Earnings per share (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year