Simon Company\'s year-end balance sheets follow 2017 2016 2015 At December 31 As

Question

Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 34,182 40,347 $39,996 52,795 57,942 4,355 97,127 123,339 10,576 70,607 89,679 10,591 302,768 278,42424012 $ 567,992 489,648 $ 404,000 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 138,601 80,268$52,795 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 91,963 163,500 95,742 $ 567,992 489,648 404,000 107,850 111,493 163,500163,500 158,0411 34,387 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)

Explanation / Answer

SIMON COMPANY

Common Size Comparative Balance Sheet

December 31, 2015-2017

Percent = Value ÷ Total × 100

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