Homework 16 Saved 5 Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 ts 38,280 $ 44,746 45,239 52,000 60,000 Cash Part 1 of 4 Accounts receivable, net Merchandisse inventory 89,800 62,400 115,000 83,000 2460 28 681 285 734 Plant assets, net 636,088 $ 548,352 $ 448,000 Total assets points Liahili Accounts payable Long-term notes payable secured by mortgages on plant assets and Equity $161,554 $ 94,525 60,319 121,976 128,643 100,988 par value ook netainod earnings Total liabilities and equity 636,088 548,352 448,000 Hint The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: Print For Year Ended December 31 2016 2017 $ 652,539 Sales 826,914 goods sold 165.092 256, 343 expenses 15,008 9,788 Interest expense Income taxes 14,058 10,750 Total costs and expenses 785,569 614,038 Net income $ 41,345 38,501 2.54 2.37 Earnings per share (1) Compute days' sales uncollected. Days' Sales Uncollected Choose Denominator: Choose Numerator: Days =Days' Sales Uncollected Days' Sales Uncollected 0 days O days x 2017: 2016: LO