Exercise 17-6 Common-size percents LO P2

Simon Company's year-end balance sheets

At December 31 2017 2016 2015 Assets Cash $34,307 $42,169 $40,564 Accounts receivable, net 105,582 72,348 55,189 Merchandise inventory 126,305 93,691 61,151 Prepaid expenses 11,048 10,961 4,691 Plant assets, net 322,214 297,603 256,505 Total assets $599,456 $516,772 $418,100 Liabilities and Equity Accounts payable $146,279 $87,334 $54,085 Long-term notes payable secured by mortgages on plant assets 112,698 115,292 90,552 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 176,979 150,646 109,963 Total liabilities and equity $599,456 $516,772 $418,100

Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage 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 % % % % %