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Can you please show me how to do the following problem Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets 2015 At December
Can you please show me how to do the following problem
Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventor,y Prepaid expenses Plant assets, net Total asset:s 2017 2016 $ 24,992$ 29,797$29,523 40,168 44,075 3,280 187,254 304,300 72,433 90,160 7,807 228,194 51,634 66,204 7,745 209, 780 $ 423,586 $ 365,160 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 108,637 61,095 $39,766 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 78,838 163,500 72,611 $ 423,586 68,595 163,500 32,439 365,160 $304,300 82,307 163,500 58,258 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 0 0 0 0 0 0 0 mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity 0 0 0Step by Step Solution
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