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 26,351 $ 30,801 $ 32,746 89,200 62,500 54,900 111,000 83,000 55,000 8,486 8,085 3,638 225,395 212,538 194,716 $ 460,432 $ 396,924 $ 341,000 $ 111,208 $ 65,068 $ 43,662 83,964 88,554 73,100 162,500 162,500 162,500 102,760 80, 802 61,738 460,432 $ 396,924 $ 341,000 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 $ 598,562 $365,123 185,554 10,176 7,781 568,634 $ 29,928 2016 $ 472,340 $ 307,021 119,502 10,864 7,085 444,472 $ 27,868 $ 1.84 $ 1.71 (1) Compute days' sales uncollected. Days' Sales Uncollected Choose Numerator: 1 Choose Denominator: Days 11 X Days' Sales Uncollected Days' Sales Uncollected 0 days 0 days 2017: X 11 2016: 11 (2) Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: 11 Accounts Receivable Turnover Accounts receivable turnover times times 11 2017: 2016: 11 (3) Compute inventory turnover. Inventory Turnover I Choose Denominator: Choose Numerator: II Inventory Turnover Inventory turnover times 2017: 2016: II times (4) Compute days' sales in inventory. Days' Sales In Inventory. 1 Choose Denominator: Choose Numerator: Days 1 X Days' Sales In Inventory Days' sales in inventory 0 days 0 days 2017: 2016: /