Taken by Students (Ch 13 thru 18 Help Seve Submit 7 2014 Required information (The following information applies to the questions displayed below! Simon Company's year-end balance sheets follow. December 31 2017 2016 2015 Assets Cash 11,296 5 36,582 $ 38,092 Accounts receivable, net 89,00 62,300 56.60 Merchandise inventory 113,50 14.00 52.0 Prepaid expenses 10,071 9,603 4,123 Plant assets, et 270,035 253,187 Total assets $46,547 471,420 425,000 Lisbilities and Equity Accounts payable 5132,000 5 77,20 51,856 Long-term not payable secured by morto plant assets 99,123 105,114 16,820 Con stock 518 par value 362,00 162,50 162,500 Retained earnings 152,546126,466 183,624 Yotal abilities and equity 3546,647 527,428 548.00 The company's income statements for the years ended December 21 2017 and 2016, forlow. Assume that will sales on credit For your de Cost of goods sold other operating tests Interest Incona Total de et inco E per share 2012 5 718,001 433, 220,379 12,00 3:24 679,14 $15.545 $ 2016 3:56.99 5364,64 141.93 17, 8.45 571, $13. 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 Earnings per share 2017 $ 719,901 $ 433,650 220,379 12,085 9,242 575,356 $ 35,545 $ 2.19 2016 $ 568,990 5364,544 141,930 12,93 8,415 527,892 $ 33,098 5 2.04 1) Compute days salds uncollected, Days Sales Uncollected 1 Choose Denominator Choose Numero: 2017 2016 * Days - Days Sales Uncollected = Days Sales Uncond day * days