1)Compute days sales uncollected

2)Compute accounts receivable turnover

3) Compute inventory turnover

4) Compute days sales inventory

Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,085 $ 31,659 $ 33,659 90,000 62,100 58,700 110,000 82,500 51,089 8,722 8,311 3,740 237,452 223,412 203,401 $ 473,259 $ 407,982 $ 350, 500 $ 114,386 $ 66,880 $ 44,878 86,304 91,021 75,137 162,500 162,500 162,500 110,149 87,581 67,985 $ 473,259 $ 407,982 $ 350, 500 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 $ 615,237 $ 275,295 199.723 10,459 2.998 584,475 $ 39,762 2016 $ 485,499 5 315,574 122,831 11,166 7.282 456,85 s 28,646 HULUMII Pey UAC VU, UIO Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 86,384 91,021 75,137 162,500 162,500 162,500 110,149 87,581 67,985 $ 473,259 $ 407,982 $ 350,500 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 Earnings per share 2017 $ 615,237 $ 375,295 190,723 10,459 7,998 584,475 $ 30,762 $ 1.89 2016 $ 485,499 $315,574 122,831 11,166 7,282 456,852 $ 28,646 $ 1.76 Exercise 17-8 Part 1 (1) Compute days' sales uncollected