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Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 3 Simon Company's
Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)
3 Simon Company's year-end balance sheets follow 1 Yr Ago 2 Yrs Ago At December 31 Current Yr Assets 0.62 $ 29,046 83,351 107,942 9,446 32,944 $ 60,005 Cash 33,294 polnts Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 45,764 75,405 8,559 243,287 49,231 3,737 214,674 257,647 420,200 $ 346,700 Total assets 487,432 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 71,724 $ 122,584 45,764 95,680 163,500 89,296 76,621 163,500 90,721 163,500 60,815 420,200 $ 346,700 110,627 487,432 Total liabilities and equity 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 3 Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 1 0.62 polnts 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 2 Years Current Year 1 Year Ago Ago 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
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