Simon Company's year-end balance sheets follow. 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses s 37,361 43,672 43,725 89,70063,00059,300 112,00084,50059,000 4,858 12,03211,464 Total assets Liabilities and Equity Accounts payable tong-term notes payable secured by s 157,677 92.257 58,300 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 119,049 125,556 97,608 162, 500 162, 500162,500 614,797 529,997 428,800 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: 630,696 $ 799,236 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 487,534 247,763 13,587 10,390 $ 409,952 159,566 14,506 9,460 759,274 $ 39,962 S2.46 593,484 $37,212 $2.29 Earnings per share (3) Compute inventory turnover. Inventory Turnover Choose Numerator: Choose Denominator:Inventory Turnover Inventory turnover 2017: 2016: times times