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 2017 2016 sales $ 673,500 $ 532,000 cost of goods sold $ 411,225 $ 345,500 other operating expenses 209,550 134,980 interest expense 12,100 13,300 income taxes 9,525 8,845 total costs and expenses 642,400 502,625 net income $ 31,100 $ 29,375 earnings per share $ 1.90 $ 1.80compute days sales uncollecteddays' sales uncollectedchoose numerator: / choose denominator: x days = days' sales uncollectedaccounts receivableselected answer correct / net salesselected answer correct x 365selected answer correct = days' sales uncollected2017: $29,375selected answer incorrect / $100selected answer incorrect x 365 = 107,218.8 days2016: $62,400selected answer incorrect / $583,007selected answer incorrect x 365 = 39.1 daysdays' sales uncollectedchoose numerator: / choose denominator: x days = days' sales uncollected/ x = days' sales uncollected2017: / x = days2016: / x = days