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Simon Company's year-end balance sheets follow. EAt December-31 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets
Simon Company's year-end balance sheets follow. EAt December-31 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by s 31,800 35,625 s 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 $129,900 75,250 51,250 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $ 377,500 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assum are on credit: For Year Ended December 31 2017 2016 $673,500 s532,000 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income $411,225 209,550 12,100 9,525 $345,500 134,980 13,300 8,845 642,400 31,100 s1.90 502,625 $29,375 $1.80 Earnings per share Retained earnings Total liabilities and equity 131,100 104,750 79,250 $523,000 $445,000 $ 377,500 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that al 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 2017 2016 $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 Days Days' Sales Uncollected = | Days' Sales Uncollected 2017: 2016: 0 days 0 days
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