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please help Line following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash
please help Line 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 $ 31,598 $ 36,935 $ 37,342 89, 100 62,000 57,300 110,000 82,000 5 58,000 10,176 9,695 4,149 284, 183 262, 005 213, 009 $ 525, 057 $ 452,635 $ 369,800 $ 133, 354 $ 78,625 $ 49, 790 100,685 106,188 83, 360 162,500 162,500 162,500 128,518 105,922 74, 150 $ 525, 057 $ 452,635 $ 369,800 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 Sales $ 682,574 $ 538, 636 Cost of goods sold $ 416,370 $ 350,113 other operating expenses 211,598 136,275 Interest expense 11,604 12,389 Income taxes 8,873 8,080 Total costs and expenses 648, 445 586,857 Net income $ 34, 129 $ 31,779 The company income statements for the years enueu vecember 5, 2017 Onu ZUID, IONOW. Assume inal al 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 $ 682,574 $ 416,37 211, 598 11, 604 8,873 648, 445 $ 34, 129 $ 2.18 2016 $ 538, 636 $ 350, 113 136,275 12,389 8,080 506,857 $ 31,779 $ 1.96 Exercise 17-8 Part 4 (4) Compute days' sales in Inventory Days Sales In Inventory Choose Numerator: Choose Denominator: X Days X 1 1 7 V 2017: Days' Sales In Inventory Days' sales in inventory o days o days 2016:
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