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 28,454 89,100 33,261 62,000 34,647 52,200 59,000 3,850 203,803 113,000 9,163 247,434 83,500 8,731 232,466 $ 487,151 $ 353,500 $419,958 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages Common stock, $10 par value Retained earnings S 120,088 70,263 46,195 plant assets 90,669 162,500 113,894 95,624 162,500 91,571 77,342 162,500 67,463 on Total liabilities and equity $487,151 $ 419,958 353,500 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are credit: on For Year Ended December 31 2017 2016 $ 499,750 Sales $633,296 $ 324,838 Cost of goods sold Other operating expenses Interest expense $386,311 196,322 10,766 8,233 126,437 11,494 Income taxes 7,496 Total costs and expenses 601,632 470,265 Net income 31,664 29,485 Earnings per share 1.95 1.81 (1) Compute days' sales uncollected Days' Sales Uncollected IChoose Denominator: Choose Numerator: Days Days' Sales Uncollected Days' Sales Uncollected 0 days 2017 X 2016 0 days Il (2) Compute accounts receivable turnover. Accounts Receivable Turnover IChoose Denominator: Choose Numerator: Accounts Receivable Turnover Accounts receivable turnover times 2017 = 2016: times / (3) Compute inventory turnover Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory turnover times 2017: times 2016 (4) Compute days' sales in inventory. Days' Sales In Inventory Choose Numerator: Choose Denominator: Days Days' Sales In Inventory Days' sales in inventory days days 2017: X 2016