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Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,590 $ 37,295 $ 36,586 Accounts receivable, net 90,641 65,912
Simon Company's year-end balance sheets follow.
At December 31 | 2017 | 2016 | 2015 | ||||||
Assets | |||||||||
Cash | $ | 31,590 | $ | 37,295 | $ | 36,586 | |||
Accounts receivable, net | 90,641 | 65,912 | 49,279 | ||||||
Merchandise inventory | 117,418 | 83,683 | 53,548 | ||||||
Prepaid expenses | 9,970 | 9,499 | 4,065 | ||||||
Plant assets, net | 285,802 | 265,181 | 233,622 | ||||||
Total assets | $ | 535,421 | $ | 461,570 | $ | 377,100 | |||
Liabilities and Equity | |||||||||
Accounts payable | $ | 131,987 | $ | 78,785 | $ | 50,275 | |||
Long-term notes payable secured by mortgages on plant assets | 102,672 | 107,223 | 81,672 | ||||||
Common stock, $10 par value | 163,500 | 163,500 | 163,500 | ||||||
Retained earnings | 137,262 | 112,062 | 81,653 | ||||||
Total liabilities and equity | $ | 535,421 | $ | 461,570 | $ | 377,100 | |||
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 | ||||||
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 by mortgages on plant assets | ||||||
Common stock, $10 par | ||||||
Retained earnings | ||||||
Total liabilities and equity | % | % | % |
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