Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,800 $ 35,625 $ 37,800 89,50062,500 50,200 112, 50082,50054,000 9,375 278,500 255,000 230,500 $523,000 $445,000 $377,500 5,000 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 $75,250 $ 51,250 98,500101,50083,500 163,500 163,500 163.500 131,100104,75079,250 $523,000 $445,000 $377,500 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow. Ass on credit 2017 2016 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income $673,500 $532,000 $345,500 134,980 13,300 8,845 $411,225 209,550 12, 100 9,525 642,400 31,100 $1.90 502,625 $ 29,375 $1.80 Earnings per share (2) Compute accounts receivable turnover Accounts Receivable Turnover Choose Numerator: Accounts Receivable Turnover Choose Denominator / PAverage accounts receivable, net | | et sales Accounts receivable turnover 2017 S 2016: S 0 times 0 times 673.500 532,000/