[The following information applies to the questions displayed below.,] Simon Com

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[The following information applies to the questions displayed below.,] Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts recelvable, net Merchandise Inventory Prepald expenses Plant assets, net 2014 2013 2012 33,245 38,861 $ 40,075 96,355 68,006 53,434 121,149 89,866 57,482 4.453 302,027 278,826 249,356 10,706 10,201 Total assets $563.482 $485,760 $404,800 Liabilities and Equity Accounts payable Long-term notes payable secured by $140,307 $ 82,093 $ 53,434 mortgages on plant assets Common stock, $10 par value Retalned earnings 05,935 111,725 89,461 162,500 162,500 162,500 54,740 29,442 99,405 Total liablities and equity $563.482 $485,760 $404,800

Explanation / Answer

Solution.

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Day's sales uncollected Date Choose Numerator / Choose Denominator x Days = Days sales uncollected 2014                              96,355.00                           732,527.00 365 48.01 2015                              68,006.00                                 578,054 365 42.94

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