omework Saved Required information Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow, 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 35,400 $ 41,380 $ 41,836 89,300 62,300 50,400 110,500 84,000 58,000 11,400 10,862 4,648 341.639 308,561 259,416 $ 588,239 $507,103 $ 414,300 $ 149,401 $ 87,414 $ 55,781 112,801 118,966 93,392 162,500 162,500 162,500 163,537 138,223 102,627 $ 588,239 $ 507,103 $ 414,300 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: For Year Ended December 31 2017 2016 OCX Check The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: 4 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $ 764,711 $ 466,474 237,060 13,000 9,941 726, 475 $ 38,236 $ 2.35 2016 $ 603,453 $ 392,244 152,674 13,879 9,052 567,849 $ 35,604 $ 2.19 21:03 ped Exercise 17-8 Part 1 Book (1) Compute days' sales uncollected Days' Sales Uncollected Choose Denominator: Choose Numerator: Days X Days' Sales Uncollected Days' Sales Uncollected o days 0 days 2017: 2016: X gn....docx