9 LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2018 2017 2 points $13,100 $10,100 17,600 13,600 9,600 15,100 25, 100 11,100 $65,400 $49,900 eBook Print References $15,600 $12, 100 14,600 10.100 $30,200 $22,200 $95,600 $72,100 Assets Current assetat Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salarios payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $14,100 $ 8,100 8.100 6.100 $22,200 $14,200 23, 100 21,600 $45,300 $35,800 $22,100 $22, 200 28,200 14,100 $50,300 $36,300 $95,600 $72,100 Calculate the average day's collection (Use 360 days a year. Do not round intermediate calculations. nearest hundredth.) 2018 2017 Average day's collection 9 LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2018 2017 2 points $13,100 $10,100 17,600 13,600 9,600 15,100 25, 100 11,100 $65,400 $49,900 eBook Print References $15,600 $12, 100 14,600 10.100 $30,200 $22,200 $95,600 $72,100 Assets Current assetat Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salarios payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $14,100 $ 8,100 8.100 6.100 $22,200 $14,200 23, 100 21,600 $45,300 $35,800 $22,100 $22, 200 28,200 14,100 $50,300 $36,300 $95,600 $72,100 Calculate the average day's collection (Use 360 days a year. Do not round intermediate calculations. nearest hundredth.) 2018 2017 Average day's collection