n Company's year-end balance sheets follow r 31 2017 2016 2015 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by s 37,361 43,672 43,725 89,700 63,000 59,300 84,500 59,000 4,858 363,704 327,361 261,917 614,797 529,997 $ 428, 800 112,000 12,032 11,464 157,677 92,257 $58,300 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 119,049 125,55697,608 162,500 162,500 162,500o 175 571 149,684 110,392 s 614,797 529,997 428, 800 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit 2017 799,236 630,696 Sales cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 487,534 247,763 13,587 10,390 409,952 159,566 14,506 9,460 759,274 39,96:2 $2.46 593,484 $37,212 $ 2.29 Earnings per share Exercise 13-8 Part 1 (1) Compute days' sales uncollected. Nu x Days Sales rint 2016