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Required information [The following information applies to the questions displayed belowj 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 $ 37,374 $ 43,686 $ 44,606 58,700 60,000 4,956 277,838 $ 627,181 $ 540,673 446,100 89,900 112,000 12,036 375,871 62,900 83,000 11,468 339,619 Liabilities and Equity Accounts payable $ 157,730 $92,287 $ 59,474 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 99,574 162,500 124,552 $ 627,181 540,673 446,100 119,089 162,500 187,862 125,598 162,500 160,288 Total liabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, 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 2017 2016 $ 815,335 $ 643,401 $ 497,354 252,754 13,861 10,599 $418,211 162,780 14,798 9,651 774,568 $ 40,767 $ 2.51 605,440 $ 37,961 2.34 Earnings per share (1) Compute days' sales uncollected Days' Sales Uncollected Choose Numerator: Choose Denominator: x DaysDays' Sales Uncollected Days' Sales Uncollected 2017: days 2016: days

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