Simon Company's year-end balance sheets follow. 2018 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net al 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 $ 31,800 89,500 112,500 10,700 278,500 $523,000 $ 35,625 $ 37,800 62.500 50.209 82,500 $4,000 9,375 5,000 255,000 230,500 $445,00 $ 377,500 $ 129,900 $ 75,250 $ 51,250 98,500 163,500 131,100 $523,000 101,500 163,500 104,750 $445,000 83,500 163,500 79,250 $ 377,500 The company's income statements for the years ended December 31, 2018 and 2017, follow. Assume that all sales are on Credit: $ 532,000 $ 345,500 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income 2018 $673,500 $411,225 209,550 12.100 9,525 642,400 13,300 3,845 502,625 29,375 $ Earnings per share Exercise 13-8 Part 1 (1) Compute days' sales uncollected. Days' Sales Uncollected ! Choose Denominator: Choose Numerator: * Days - Days' Sales Uncollected Days' Sales Uncollected 2017 Oldays