Required information [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 $ 33,687 $ 39,377 $ 40,206 89,500 62,800 50,500 113,000 83,500 52,000 10, 848 10,337 4,467 318,285 291,331 254,927 $ 565,320 $ 487,345 $ 402,100 $ 142,172 $ 83,185 $ 53,608 107, 343 113,210 162,500 162,500 153,305 128,450 $ 565, 320 $ 487,345 89,753 162,500 96,239 402,100 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 $ 734,916 $ 448,299 227,824 12,494 9,554 698,171 $ 36,745 $ 2.26 2016 $ 579,941 $ 376,962 146,725 13,339 8,699 545,725 $ 34,216 $ 2.11 (4) Compute days' sales in inventory. Days' Sales In Inventory Choose Numerator: 1 Choose Denominator: Days Days' Sales In Inventory Days' sales in inventory 0 days 0 days 2017: = 2016: / X