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Express the balance sheets in a common-size percents (DONT round intermediate calculation and round your final percentage answer to 1 decimal) Simon Company's year-end balance
Express the balance sheets in a common-size percents (DONT round intermediate calculation and round your final percentage answer to 1 decimal)
Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 33,833 38,012 39,196 52,261 57,942 4,311 250,290 556,744 $479,952 404,000 68,537 87,903 10,180 298,872 275,320 96,155 117,306 10,578 Liabilities and Equity Accounts payable Long-term notes payable secured by 138,629 79,490 51,728 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 90,177 163,500 98,595 556,744 479,952 404,000 103,621 111,493 163,500 163,500 150,994 125,469 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 b mortgages on plant assets Common stock, $10 par Retained earnings otal liabilities and equity Step by Step Solution
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