Refer to Simon Company information in Exercise 17-6. The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit and then compute: (1) days' sales uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days' sales in inventory. Comment on the changes in the ratios from 2016 to 2017. (Round amounts to one decimal.)

o the Simon Company information in Exercise 17-6. The company's income statements for the Exercise 17-8 l December 31,2017 and 2016, follow. Assume that all sales are on credit and then co mpute: Liquidity analysis anc uncollected, (2) accounts receivable turnover, (3) inventory turnover, and (4) days' sales in interpretation yComment on the changes in the ratios from 2016 to 2017. (Round amounts to one decimal.) P3 For Year Ended December 31 2017 2016 $673,500 Sales Cost of goods sold $532,000 209,550 12,100 9,525 $345,500 34,980 13,300 8,845 Income taxes. . 642,400 31,100 1.90 502,625 $29,375 $ 1.80