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4 parts to this im scared Chapter 17 Problems Saved Help Save & 7 Required information (The following information applies to the questions displayed below.]

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Chapter 17 Problems Saved Help Save & 7 Required information (The following information applies to the questions displayed below.] Part 1 of 4 Simon Company's year-end balance sheets follow. 5.88 points At December 31 2017 2016 2015 Assets Cash 31,800 $ 35,625 $ 37,800 62,500 82,500 9,375 255,000 Accounts receivable, net 89,500 112,500 50,200 eBook Merchandise inventory Prepaid expenses Plant assets, net 54,000 5,000 230,500 10,700 278,500 Hint Total assets $523,000 $445,000 $377,500 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 $ 75,250 51,250 Print 101,500 163,500 104,750 mortgages on plant assets Common stock, $10 par value Retained earnings 98,500 163,500 131,100 83,500 163,500 79,250 References Total liabilities and $523,000 $445,000 $ 377,500 equity The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: (2) Compute accounts receivable turnover. Accounts Receivable Turnover Accounts Receivable Turnover IChoose Denominator: Choose Numerator: Accounts receivable turnover times 2017: 2016: times (3) Compute inventory turnover. eBook Inventory Turnover Hint Choose Numerator Inventory Turnover Choose Denominator: Inventory turnover 2017 times Print 2016: times (4) Compute days' sales in inventory. eBook Days' Sales In Inventory Hint Choose Denominator: Days' Sales In Inventory Choose Numerator: Days Days' sales in inventory x days 2017: Print x 2016: days

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