Required information [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 28,979 $ 33,874 $ 35,645 Accounts receivable, net 89,500 62,900 52,900 Merchandise inventory 111,000 84,000 55,000 Prepaid expenses 9,332 8,892 3,961 Plant assets, net 262,381 242,396 219,894 Total assets $ 501,192 $ 432,062 $ 367,400 Liabilities and Equity Accounts payable $ 122,301 $ 71,558 $ 47,527 Long-term notes payable secured by mortgages on plant assets 92,340 97,387 79,571 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 124,051 100,617 77,802 Total liabilities and equity $ 501,192 $ 432,062 $ 367,400 The companys 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 $ 651,550 $ 514,154 Cost of goods sold $ 397,446 $ 334,200 Other operating expenses 201,981 130,081 Interest expense 11,076 11,826 Income taxes 8,470 7,712 Total costs and expenses 618,973 483,819 Net income $ 32,577 $ 30,335 Earnings per share $ 2.00 $ 1.87 (4) Compute days' sales in inventory.