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Simon Company's year-end balance sheets At December 31 2017 2016 2015 Assets Cash $30,112 $35,198 $35,939 Accounts receivable, net 88,130 60,993 46,509 Merchandise inventory 108,655

image text in transcribedSimon Company's year-end balance sheets At December 31 2017 2016 2015 Assets Cash $30,112 $35,198 $35,939 Accounts receivable, net 88,130 60,993 46,509 Merchandise inventory 108,655 81,396 51,043 Prepaid expenses 9,602 9,330 3,837 Plant assets, net 263,868 244,434 218,572 Total assets $500,367 $431,351 $355,900 Liabilities and Equity Accounts payable $125,837 $71,440 $47,918 Long-term notes payable secured by mortgages on plant assets 95,950 99,211 77,081 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 115,080 97,200 67,401 Total liabilities and equity $500,367 $431,351 $355,900 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)

Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 30,112 $ 35,198 35,939 46,509 51,043 3,837 218,572 $ 500,367 431,351 355,900 88,130 108,655 9,602 263,868 60,993 81,396 9,330 244,434 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 125,837 71,440 47,918 mortgages on plant assets Common stock, Retained earnings 95,950 163,500 115,080 $ 500,367 77,081 163,500 67,401 431,351 355,900 99,211 163,500 97,200 $10 par value Total liabilities and equity 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

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