Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets At December 31 2016 2015 2017 Assets 25,739 73,862 94,725 8,371 229,245 $ 431,942 29,491 51,610 70,954 7,663 212,646 31,670 43,494 46,334 3,519 194,883 $ 319,900 S Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 372,364 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 108,629 $ 43,071 61,042 $ 81,205 163,500 78,608 $ 431,942 $ 372,364 85,644 163,500 62,178 71,405 163,500 41,924 $ 319,900 1 1iabilities and equity omework 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 2016 2015 2017 Assets % % % Cash Accounts receivable, net ces Merchandise inventory Prepaid expenses Plant assets, net 100,0 % 100,0% 100.0 % Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings % % % 100.0 % 100.0 % 100.0% Total liabilities and equity