Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 33,732 $ 38,281 $ 39,880 97,766 68,332 53,711 120.535 85,869 58.358 10,336 9,848 4,565 292,707 276,184 250,386 Total assets $ 555,076 $ 478,514 $ 406,900 $ 142,360 $ 80,060 $ 54,785 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 103,311 163,500 145,905 108,958 163,500 125,996 90,824 163,500 97,791 Total liabilities and equity $ 555,076 $ 478,514 $ 406,900 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, 2013-2015 2015 2014 2013 Cash % % % Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets % % % % % % Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity % % % QS 13-5 Common-size analysis LO P2 The following information for Tide Corporation: ($ thousands) Net sales Cost of goods sold 2015 $ 803,338 394,621 2014 $ 454,951 135,683 Determine the 2014 and 2015 common-size percents for cost of goods sold using net sales as the base. (Enter your answers in thousands.) Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: 1 Choose Denominator: / Common-Size Percents 2015: 1 % 2014: / %