Simon Company's year-end balance sheets follow. At December 31 2017...
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Accounting
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,590
$
37,295
$
36,586
Accounts receivable, net
90,641
65,912
49,279
Merchandise inventory
117,418
83,683
53,548
Prepaid expenses
9,970
9,499
4,065
Plant assets, net
285,802
265,181
233,622
Total assets
$
535,421
$
461,570
$
377,100
Liabilities and Equity
Accounts payable
$
131,987
$
78,785
$
50,275
Long-term notes payable secured by mortgages on plant assets
102,672
107,223
81,672
Common stock, $10 par value
163,500
163,500
163,500
Retained earnings
137,262
112,062
81,653
Total liabilities and equity
$
535,421
$
461,570
$
377,100
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
%
%
%
Answer & Explanation
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