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Simon Company's year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 26,162 $ 30,275 $ 30,288 Accounts receivable, net 75,826 55,123
Simon Company's year-end balance sheets follow. |
At December 31 | 2015 | 2014 | 2013 | |||||||
Assets | ||||||||||
Cash | $ | 26,162 | $ | 30,275 | $ | 30,288 | ||||
Accounts receivable, net | 75,826 | 55,123 | 42,049 | |||||||
Merchandise inventory | 97,244 | 68,597 | 44,339 | |||||||
Prepaid expenses | 8,425 | 8,268 | 3,469 | |||||||
Plant assets, net | 235,770 | 220,002 | 195,255 | |||||||
Total assets | $ | 443,427 | $ | 382,265 | $ | 315,400 | ||||
Liabilities and Equity | ||||||||||
Accounts payable | $ | 107,101 | $ | 65,249 | $ | 40,800 | ||||
Long-term notes payable secured by mortgages on plant assets | 85,032 | 88,800 | 69,703 | |||||||
Common stock, $10 par value | 163,500 | 163,500 | 163,500 | |||||||
Retained earnings | 87,794 | 64,716 | 41,397 | |||||||
Total liabilities and equity | $ | 443,427 | $ | 382,265 | $ | 315,400 | ||||
Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) |
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