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Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts...

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Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net s 31,800 $ 35,625 s 37,800 89,500 62,580 s8,200 112,500 82,50054,00 5,000 Prepaid expenses Plant assets, net Total assets Liabilities and Equity 10,780 9,375 278,500 255,000 230, 500 $523,000 $445,000 377,500 Accounts payable $129,900 $ 75,250 51,250 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98, se0 101,500 83,500 163,500 163,500163,500 131 10014 75079 258 5523,000 $445,000 377,500 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 331 2017 s 532,080 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 411,225 209,550 12,1e0 9,525 345,500 134,980 13,300 8,845 642,400 S 31,100 5 1.90 582 62 S 29,375 $1.80 Earnings per share (1) Compute days' sales uncollected Days Sales Uncollected x Days Days' Sales Uncollected Days Sales Uncollected Choose Numerator: l Choose Denominator 2017: 2016: 0 days 0 days

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