Exercise 17-6 Common-size percents LO P2 2017 2016 2015 Simon Company's year-end balance sheets 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 35,486 $ 41,069 $ 42, 776 101,830 72,589 57,599 124, 191 94,972 59,533 11,088 10,996 4,565 322,903 293,734 263, 327 $ 595,498 $ 513,360 $ 427,800 $ 145,313 $ 86,758 $ 58,164 109,715 120, 434 95, 489 163,500 163,500 163,500 176,970 142,668 110,647 $ 595, 498 $ 513,360 $ 427,800 Express the balance sheets in common-size percents. (Do not round intermediate calculations 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 Express the balance sheets in common-size percents. (Do not round intermediate calcula answers to 1 decimal place.) 2015 % % SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-2017 2017 2016 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 mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity % % % % % %