Sanderson Company%u2019s year-end balance sheets follow. At December 31 2012 2011 2010 Assets Cash $ 31,659 $ 37,007 $ 39,343 Accounts receivable, net 91,758 64,762 52,458 Merchandise inventory 115,369 85,578 56,432 Prepaid expenses 10,195 9,714 4,371 Plant assets, net 304,213 279,830 257,096 Total assets $ 553,194 $ 476,891 $ 409,700 Liabilities and Equity Accounts payable $ 133,613 $ 78,177 $ 52,458 Long-term notes payable secured by mortgages on plant assets 100,880 106,394 87,827 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 156,201 129,820 106,915 Total liabilities and equity $ 553,194 $ 476,891 $ 409,700 The company%u2019s income statements for the years ended December 31, 2012 and 2011, follow. Assume that all sales are on credit: For Year Ended December 31 2012 2011 Sales $ 719,152 $ 567,500 Cost of goods sold $ 438,683 $ 368,875 Other operating expenses 222,937 143,578 Interest expense 12,226 13,053 Income taxes 9,349 8,513 Total costs and expenses 683,195 534,019 Net income $ 35,957 $ 33,481 Earnings per share $ 2.21 $ 2.06 rev: 02_21_2012 2.value: 10.00 points (1) Compute days' sales uncollected. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 1 decimal place.) 2012 days 2011 days check my workeBook LinkView Hint #1references 3.value: 10.00 points (3) Compute inventory turnover. (Do not round intermediate calculations and round your final answers to 1 decimal place.) 2012 times 2011 times check my workeBook LinkView Hint #1references 4.value: 10.00 points (2) Compute accounts receivable turnover. (Do not round intermediate calculations and round your final answers to 1 decimal place.) 2012 times 2011 times check my workeBook LinkView Hint #1references 5.value: 10.00 points (4) Compute days' sales in inventory. (Use 365 days a year. Do not round intermediate calculations and round your final answers to one decimal place.) 2012 days 2011 days