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post so answer is visible and not cut off Simon Company's year-end balance sheets follow 2018 2012 2016 At December 31 Assets Cash Accounts receivable,
post so answer is visible and not cut off
Simon Company's year-end balance sheets follow 2018 2012 2016 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 $ 31,800 $ 35,625 537,80 89,500 62,500 50,200 112,500 82,500 54,90 10,700 9,375 5,000 278,500 255,000 230, 500 $523,000 $445,000 $ 377,500 $129,900 $ 75,250 $ 51,250 98,500 101,500 33,500 163,500 163,500 163,500 131,100 184,750 79,250 5523,000 $445,000 $ 377,500 The company's income statements for the years ended December 31, 2018 and 2017, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense 2018 5673,500 5411,225 209,550 12,100 9,525 2012 $532,000 $345,500 134,980 13,30 8,345 the previous attempt The company's income statements for the years ended December 31, 2018 and 2017 follow. Assume that all sales are on credit: For Year Ended December 31 Sales cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 2018 5673,500 5411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 2017 $ 552,000 $345,500 134,980 13,300 3,845 502,625 $ 29,375 5 1.80 (1) Compute days' sales uncollected Days Sales Uncollected Choose Denominator Choose Numerator Days Days Sales Uncollected Days Sales Uncollected days - days 1 x 2018: 2017: X
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