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Simon Companys year-end balance sheets follow. s 31,n005 35,625 37,800 112,500 82,500 54,099 278 580255-808 23,500 Part 2 of 2 counts Prepaid expenses Plant assets,
Simon Companys year-end balance sheets follow. s 31,n005 35,625 37,800 112,500 82,500 54,099 278 580255-808 23,500 Part 2 of 2 counts Prepaid expenses Plant assets, net 0.5 Liabilities and Equity $129,900 $ 75,2se s 51,2s8 98.500 101 ,seo 83,500 31,100-1041750-79,250 Long-term notes payable secured by mortgages on plant assets Common stock Retained earnings Total liabilities and equity 523,000 $445,009 $ 377 The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit Print 5 532,000 $411,225 209,550 s 145,s Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses 13, 300 502 625 29.375 642 400 Net income (4) Compute doys sales in inventory DaysDays Sales in Choose Numerator 165 Days saies in inventory 2017: 2016 o days o days Average inventory Cost of goods soled
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