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Simon Company's year-end balance sheets follow. 015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 34.852 $40,739 $41,596 89.900 63,000 53,100 110,500 84,000 54,000 11.224 10,694 4.622 338,387 305,759 262,682 Total assets $584,863 $504,192 $416,000 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock. $10 par value Retained earnings s 147087 $86,061 55.461 111,054 117124 92.855 162.500 162.500 162,500 164.222 138,507 105,184 Total liabilities and equity $584863 $504.192 $416,000 The company's income statements for the years ended December 31. 2015 and 2014. 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 2015 2014 $ 760.322 $599,988 $463.796 235,700 12.925 9,884 389.992 151.797 13.800 9.000 Total costs and expenses 722.305 564.589 Net income s 38.017 s 35.399 Earnings per share $ 2.34 $ 2.18 (2) Compute accounts receivable turnover Accounts Receivable Turnover Accounts Receivable Turnover Accounts receivable turnover Choose Numerator: Choose Denominator: 0 times 0 times 2015: 2014: Hints References eBook & Resources Hint#1 Check my work 3. 833 points velue Exercise 17-8 Part 3 (3) Compute inventory turnover. Choose Numerator: Choose Denominator:Inventory Turnover -Inventory turnover 2015: 2014: times times

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