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Exercise 17-6 Common-size percents LO P2 2017 2016 2015 Simon Company's year-end balance sheets At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,248 $ 34,031 $ 33,714 81,037 57,785 45,411 102,939 77,916 50,332 9,004 8,579 3,861 267,329 242,859 214, 182 $ 488,557 $ 421,170 $ 347,500 $ 121,651 $ 71,890 $ 44,953 90,012 94,932 79, 101 163,500 163,500 163,500 113,394 90, 848 59,946 $ 488,557 $ 421,170 $ 347,500 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-2017 2017 2016 2015 Assets Cash % % % % % % Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity % % % % % %
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