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Current Year 1 Year ago 2 Years ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets
Current Year 1 Year ago 2 Years ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,930 82,619 107,026 9,180 261, 280 $ 480,035 $ 33, 650 57,723 78, 612 8,570 242, 157 $ 420, 720 $ 35,056 46,279 50,283 3,779 215, 203 $ 350, 600 $ 125, 166 91,751 162,500 108,618 $ 488,035 $ 70, 391 93,863 162,500 93,966 $ 420,720 $ 45,816 75,158 163,500 66, 126 $ 350, 600 Exercise 17-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelv assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise in assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash 96 96 % 96 % 96 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, S10 par Retained earnings Total liabilities and equity 96 96 96 96 96 %
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