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3 Simon Company's year-end balance sheets tollow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $
3 Simon Company's year-end balance sheets tollow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 34,34140,141 40,986 57,400 52,000 4,554 298,721254,960 $ 576,287 496,799 409,900 89,600 112,000 11,059 329,287 62,400 85,000 10,537 Part 1 of 4 2 points Liabilities and Equity Accounts payable Long-term notes payable secured by S 144,93084,799 54,648 91,494 162,500 101,258 02:03:04 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 109,425 162,500 159,432 115,406 162,500 134,094 S 576,287 496,799 409,900 eBook 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 2016 $ 749,173 $ 591,191 $456,996 232,244 12,736 9,739 $384,274 149,571 13,597 Print 711,715 $ 37,458 2.31 556, 310 $ 34,881 2.15 Earnings per share (1) Compute days' sales uncollected Choose Numerator: Choose Denominator: x DaysDays' Sales Uncollected Days'Sales Uncollected 2017: days 2016
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