View previous attempt For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 2018 $673,500 $411,225 209,550 12, 100 9,525 642,400 $ 31,100 $ 1.90 2017 $532,000 $345,500 134,989 13,300 8,845 502,625 $ 29,375 $ 1.80 (1) Compute days' sales uncollected. Choose Numerator: Days' Sales Uncollected Choose Denominator: Net sales 673,500 532,000 Days 365 Days' Sales Uncollected - Days' Sales Uncollected days days 2018: 111 2017: Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 $ 35,625 $ 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 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, 2018 and 2017, follow. Assume that all sales are on credit: For Year Ended December 31 Sales 2018 $673,500 2017 $ 532,000 GO