Exercise 17-6 Common-size percents LO P2

Simon Company's year-end balance sheets

At December 31 2017 2016 2015 Assets Cash $29,132 $33,372 $35,472 Accounts receivable, net 82,745 60,784 47,769 Merchandise inventory 107,221 78,747 50,370 Prepaid expenses 9,569 8,760 3,941 Plant assets, net 265,099 243,997 220,748 Total assets $493,766 $425,660 $358,300 Liabilities and Equity Accounts payable $120,489 $73,375 $47,769 Long-term notes payable secured by mortgages on plant assets 94,685 100,839 77,601 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 115,092 87,946 69,430 Total liabilities and equity $493,766 $425,660 $358,300

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		2016		2015
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		%		%		%