(1) Compute days' sales uncollected. (Please don't just answer the questions. I'd like to know how this is solved, not just get the answers.)

Necessary Info:

Days' Sales Uncollected Choose Numerator: Choose Denominator: x DaysDays' Sales Uncollected Days' Sales Uncollected 2017 days days 2016: Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 29,205 34,138 35,204 56,400 53,000 3,912 207,084 $ 494,995 426,720 355,600 89,900 114,500 9,405 62,900 83,000 8,961 251,985 375/2 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 123,254 $72,116 46,939 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,146 162,500 116,18295:959 78,588 162,500 67,573 93,059 162,500 494,995 426,720 355,600 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 2016 $ 643,494 $507,797 $392,531 199,483 10,939 8, 365 $ 330,068 128,473 11,679 7,617 611,318 $ 32,176 $ 1.98 477,837 $ 29,960 1.84 Earnings per share