Simon Company's year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the
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At December 31 2015 2014 2013 Assets Cash Accounts recelvable, net Merchandise Inventory Prepald expenses Plant assets, net Total assets $31.800 35,625 37,800 9500 62.500 50,200 2.500 82.50 54.000 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 10.700 9,375 Liabilities and Equity Accounts payable Long-term notes payable secured by $129.900 75,250 51,250 83,500 63.500 63,500 63,500 79,250 $523.000 $445,000 $377,500 98,500 01,500 mortgages on plant assets Common stock, $10 par value Retalned earnings Total labilitles and equity 131.100 04,750
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