Simeon Company’s balance sheet accounts follow.The company’s income statements for the years ended December 31, 2009 and 2008, follow. Assume that all sales are on credit.Required:1. Compute days’ sales uncollected. (Round your answer to 1 decimal place.)2009 ____________days2008 ____________days2. Compute accounts receivable turnover. (Round your answer to 1 decimal place.)2009 ____________times2008 ____________times3. Compute inventory turnover. (Round your answer to 1 decimal place.)2009 ____________times2008 ____________times4. Compute days’ sales in inventory. (Round your answer to 1 decimal place.)2009 ____________days2008____________days
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Simeon Company s balance sheet accounts follow The compan