Exercise 13-6 Common-size percents LO P2

Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash nunts receivable, net Merchandise inventory 24,827 $ 28,150 $ 29,628 43.785 89,568 69.124 Prepaid expenses Plant assets, net 3,259 8,235 225,495 7,542 207,158 185,724 Total assets 420,802 $362,760 $ 302,300 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 107,923 $ 63,146 41,101 82,600 163,500 53,514 78,320 163,500 64,804 163,500 32,895 71,059 420,802 362,760 $ Total liabilities and equity 302,300 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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 2015 2016 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net % % Total assets Liabilities and Equity Accounts payable % 9% Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity