Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses 2017 2016 2015 $ 35,175 $ 41,117 $ 42,402 89,900 62,200 54,300 112,500 82,500 57,000 11,328 10,793 4,711 347,291 317,350 269,887 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 $ 596,194 $ 513,960 $ 428,300 $ 148,452 $ 86,859 $ 56,536 112,084 162,500 173,158 118,211 94,654 162,500 162,500 146,390 114,610 $ 596,194 $ 513,960 $428,300 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 $ 472,782 240,266 2017 2016 $775,052 $ 611,612 $ 397,548 13,176 154,738 14,067 10,076 9,174 S 736,300 38,752 575,527 36,085 S 2.38 S 2.22 Total costs and expenses 736,300 575,527 Net income $ 38,752 $ 36,085 Earnings per share $ 2.38 $ 2.22 (1) Compute days' sales uncollected. Choose Numerator: Days Sales Uncollected Choose Denominator: 2017: 2016: X X Days x X = = Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days (2) Compute accounts receivable turnover. Accounts Receivable Turnover 2017: 2016: Choose Numerator: Choose Denominator: Accounts Receivable Turnover = Accounts receivable turnover = times = times (3) Compute inventory turnover. Inventory Turnover 2017: 2016: Choose Numerator: Choose Denominator: # Inventory Turnover Inventory turnover times times (4) Compute days' sales in inventory. Days' Sales In Inventory 2017: 2016: Choose Numerator: 1 Choose Denominator: x x X Days Days Sales In Inventory Days' sales in inventory 0 days 0 days