2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 31,731 $ 37,090 $ 38,636 89,200 62,100 55,600 114.000 85,000 59,000 10.218 9.736 4.293 298,091 274,384 236,671 Total assets $543,240 $ 468,310 $394,200 $ 133,914 $ 78,353 $ 51,514 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 101,108 162,500 145,718 106,634 162,500 120,823 86,247 162,500 93,939 Total liabilities and equity $543,240 $468,310 $394,200 The company's income statements for the years ended December 31, 2015 and 2014, 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 2015 $ 706,212 $430,789 218,926 12,006 9,181 2014 $ 557,289 $362,238 140,994 12,818 8,359 Total costs and expenses 670,902 524,409 Net income $ 35,310 $ 32,880 Earnings per share $ 2.17 $ 2.02 (1) Compute days' sales uncollected. Days' Sales Uncollected Choose Numerator: Choose Denominator: ~ Days = Days' Sales Uncollected 2015: Days' Sales Uncollected 0 days 0 days 2014: (2) Compute accounts receivable turnover. Accounts Receivable Turnover Choose Denominator: Choose Numerator: Accounts Receivable Turnover | Accounts receivable turnover 2015: times 2014: times (4) Compute days' sales in inventory. Days' Sales In Inventory Choose Numerator: 1 Choose Denominator: ~ Days = Days' Sales In Inventory 2015: 2014: Days' sales in inventory 0 days 0 days 1 x =