Simon Company?s year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of a percent. Analyze and comment on the results.

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2016 At December 31 2018 2017 Assets $ 31,800 $ 35,625 $ 37,800 Cash.. 89,500 Accounts receivable, net 62,500 50,200 Merchandise inventory.. 112,500 82,500 54,000 Prepaid expenses.. 10,700 9,375 5,000 230,500 255,000 $445,000 $377.500 Plant assets, net. 278,500 Total assets... $523,000 Liabilities and Equity Accounts payable..... $129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets .. 98,500 101,500 83,500 Common stock, $10 par value.. Retained earnings.... Total liabilities and equity. 163,500 163,500 163,500 131,100 104.750 79.250 $523,000 $445,000 $377,500