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Required information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.] Simon Company's year-end balance sheets
Required information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.] 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 2017 2016 2015 $ 31,800 S 35, 625 62,500 82,500 9, 375 255, 000 89, 500 112, 500 10, 700 278, 500 37, 800 50, 200 54, 000 5, 000 230, 500 $523, 000 $445, 000 $377, 500 Liabilities and Equity Accounts payable Long-term notes payable secured by $129, 900 $ 75, 250 S51, 250 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98, 500 101, 500 83, 500 163,500 163, 500 163, 500 131.100 104,750 79,250 $523, 000 $445, 000 $377, 500
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