Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets 2016 2015 2014 $ 31,800 $ 35,625 $ 37,800 50,200 54,000 5,000 230,500 $523,000 445,000 $ 377,500 89,500 112,500 10,700 278,500 62,500 82,500 9,375 255,000 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 129,900 $ 75,250 51,250 98,500 101,500 83,500 mortgages on plant assets Common stock, $10 par value Retalned earnings 163,500 79,250 $523,000 445,000 $ 377,500 163,500 131,100 163,500 104,750 Total liabilties and equity The company's income statements for the years ended December 31, 2016 and 2015, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net Income 2016 2015 $ 673,500 $ 532,000 $411,225 209,550 12,100 9,525 $ 345,500 134,980 13,300 8,845 642,400 $ 31,100 1.90 502,625 $29,375 1.80 Earnings per share (1) Compute days' sales uncollected. Days' Sales Uncollected Choose Numerator: Choose Denominator: x DaysDays' Sales Uncollected x365 Days' Sales Uncollected 2016 days days 2015 (2) Compute accounts receivable turnover. ccounts Receivable Turnover Choose Numerator:Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times times 2016: 2015 (3) Compute inventory turnover. Inventory Turnover Choose Denominator:Inventory Turnover Choose Numerator: Inventory turnover 2016 times 2015 times (4) Compute days' sales in inventory Days' Sales In Inventory Choose Numerator: Choose Denominator: DaysDays' Sales In Inventory Days' sales in inventory 2016 days days 2015