Exercise 13-10 Efficiency and profitability analysis LO P3 The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net s 31,800 35, 625 37, 800 89, 500 62, 500 50,200 112, 500 82, 50 54, 000 10, 700 278, 500 $523, 000 255, 000 $445, 000 9,375 5, 000 230, 500 $377,500 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $129, 900 75, 250 S 51,250 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 101,500 83, 5b0 163, 500 163, 500 104, 75079, 250 $523,000 $445, 000 $377, 500 98,500 163, 500 131, 100 The company's income statements for the years ended December 31, 2017 and 2016, follaw
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