Please answers part 2, 3 and 4.

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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 $ 30,314 $ 35,434 $ 36,911 89, 100 62,200 55,900 111,500 83,000 57,000 9,762 9, 301 4,101 278, 309 257,466 222,688 $ 518,985 $ 447,401 $ 376,600 $ 127,935 $ 74,855 $ 49,214 96,593 101,873 82,396 162,500 162,500 162,500 131,957 108,173 82,490 $ 518,985 $ 447,401 $ 376,600 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 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $ 674,681 $ 411,555 209, 151 11, 470 8,771 640,947 $ 33,734 $ 2.08 2016 $ 532,407 $ 346,065 134,699 12,245 7,986 500,995 $ 31,412 $ 1.93 Exercise 17-8 Part 2 (2) Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: pose Denominator: Accounts Receivable Turnover Accounts receivable turnover times 2017: 2016: times Exercise 17-8 Part 3 (3) Compute inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover 2017: times IIIII 2016: times Exercise 17-8 Part 4 (4) Compute days' sales in inventory. Days' Sales In Inventory. Choose Numerator: I Choose Denominator: Days = Days' Sales In Inventory Days' sales in inventory 1 2017: 2016: days days