Return to question Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2018 2017 2016 at December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27.440 $ 32.075 $ 33,412 89.200 62.000 57.400 112,000 84,500 57.000 8.837 8.420 3,712 232,310 217,194 189,376 $ 469,787 $ 404,989 $ 340,900 $ 115,807 $ 67,759 $ 44,549 87,437 92,216 74.586 162.500 162.500 162.500 104.043 82,514 59.265 $ 469,787 $ 404,989 $ 340,900 The company's income statements for the years ended December 31, 2018 and 2017, follow. Assume that all sales are on Credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share 2018 $ 610,723 $ 372,541 109, 324 10,382 7.939 580, 186 $ 30.537 2017 $ 481,937 $ 313,259 121,930 11,085 7.229 453.503 $ 28.434 (1) Compute days' sales uncollected, Answer is not complete. Choose Numerator: Days' Sales Uncollected Choose Denominator: Net sales Days - Accounts receivable Days Sales Uncollected Days Sales Uncollected days 2018 2017: 0 days (2) Compute accounts receivable turnover. Accounts Receivable Turnover 1 Choose Denominator: Choose Numerator: = Accounts Receivable Turnover Accounts receivable turnover times 2018: 2017: times (3) Compute inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover times 2018 2017: times (4) Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: * Choose Numerator: Days - Days' Sales In Inventory Days' sales in inventory days 2018: 2017: days