For Year Ended December 31 2017 2016 Sales $673,500 $532,000 Cost of goods sold Other operating expenses Interest expense $411,225 209,550 12,100 9,525 $345,500 134,980 13,300 8,845 Income taxes Total costs and expenses 642,400 502,625 Net income $31,100 $ 29,375 Earnings per share 1.90 1.80 (4) Compute days' sales in inventory Days' Sales In Inventory Choose Numerator: Choose Denominator: Days X Days' Sales In Inventory Accounts receivable, net Cost of goods sold 365 X Days' sales in inventory 2017: 411.225x days days 2016: $ 345,500 x For Year Ended December 31 2017 2016 Sales $673,500 $532,000 Cost of goods sold Other operating expenses Interest expense $411,225 209,550 12,100 9,525 $345,500 134,980 13,300 8,845 Income taxes Total costs and expenses 642,400 502,625 Net income $31,100 $ 29,375 Earnings per share 1.90 1.80 (4) Compute days' sales in inventory Days' Sales In Inventory Choose Numerator: Choose Denominator: Days X Days' Sales In Inventory Accounts receivable, net Cost of goods sold 365 X Days' sales in inventory 2017: 411.225x days days 2016: $ 345,500 x