Solution
Simon Company | |||
Common Size Comparative balance Sheet | |||
december 31st , 2015-2017 | |||
2017 | 2016 | 2015 | |
Assets | |||
Cash | 6.0% | 7.9% | 10.2% |
Accounts Receivables , net | 17.1% | 14.0% | 13.6% |
Merchandise Inventory | 21.7% | 18.1% | 14.2% |
Prepaid Expenses | 1.9% | 2.1% | 1.1% |
Plant Assets ,Net | 53.3% | 57.9% | 60.9% |
Total Assets | 100.0% | 100.0% | 100.0% |
Liabilities and Equity | |||
Accounts Payable | 24.4% | 17.2% | 13.5% |
Long Term Notes Payable Secured by mortgage on plant assets | 19.0% | 23.5% | 21.4% |
Common Stock $10 Par | 27.3% | 31.7% | 38.7% |
Retained Earnings | 29.3% | 27.6% | 26.4% |
Total Liabilities and Equity | 100.0% | 100.0% | 100.0% |
Simon Company's year-end balance sheets follow. BERTATE 2017 2016 2015 At December 31 Assets Cash Accounts...
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 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,167 84,968 103,689 9,348 260,975 $ 487,147 $ 32,924 $ 58,794 78,468 8,643 241,125 $ 419,954 $ 34,307 45,742 48,233 3,774 211,044 343,100 $ 120,087 $ 69,553 $ 44,383...
5 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 Liabilities and Equity Accounts payable Long-term notes payable secured by $ 30,860 36,882 $ 37,959 88,539 65,848 52,146 113,593 83,418 54,997 10,038 9,660 4,175 285,309 260,545 238,823 $528,339 $455,465 $387,3ee 10 points eBook $135,503 75,434 51,635 Hint mortgages on plant assets Common stock, $10 par value Retained earnings 97,341 183,709 83,881 163,500 163,500...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $31,986 37,389 $ 37,778 53,487 56,421 4, 284 92,705 117,737 10,717 64,769 86,461 10,013 294,468 273,448241,430 547,613 472,080 393,400 Liabilities and Equity Accounts payable Long-term notes payable secured by s139,083 $ 79,782 51,929 101,922 109,664 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 88,680 163,500 163,5ee 163,500 89,291...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500...
Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 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 value Retained earnings Total liabilities and equity $ 34,996 $ 40,907 $ 43,481 102,453 73,033 56,815 131,391 96,508 62,366 11,156 10,955 4,735 319,143 295, 296 271,803 $599,139 $516,499 $ 439,200 $149,186 $ 87,288 $ 57,974 114,891...
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 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 25,138 $ 29,084 $ 75,087 53,520 90,668 70,029 8,13 7,871 235,849 214,285 $ 434,755 $ 374,789 $ 31,223 41,227 43,046 3,335 187,369 306,200 $ 107,171 $ 62,706 $ aces...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 34,342 $ 40,143 $ 40,996 Accounts receivable, net 100,540 69,541 54,115 Merchandise inventory 125,146 94,706 59,978 Prepaid expenses 10,948 10,644 4,646 Plant assets, net 316,979 291,824 254,365 Total assets $ 587,955 $ 506,858 $ 414,100 Liabilities and Equity Accounts payable $ 150,793 $ 87,372 $ 55,208 Long-term notes payable secured by mortgages on plant assets 108,325 116,577 91,516 Common stock, $10 par value 163,500 163,500...
Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 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 value Retained earnings Total liabilities and equity $ 31,888 $ 36,544 $ 35,838 90,610 62,673 48,277 116, 204 84,507 51,405 10,269 9,593 3,982 280,914 263,480 233,698 $ 529,885 $ 456,797 $ 373,200 $ 134,580 $ 77,199...
Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 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 value Retained earnings Total liabilities and equity $ 25,524 $ 31,053 $ 31,396 76,996 52,74541,861 97,758 68,994 45,951 8,387 8,231 3,524 232,778 219,531 200,868 $ 441,443 $ 380,554 $ 323,600 62,384 $ 42,288 83,821 87,527 70,...
Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 27,960 $ 31,712 $ 34,058 Accounts receivable, net 81,037 57,195 45,870 Merchandise inventory 102,897 72,586 48,852 Prepaid expenses 9,093 8,409 3,823 Plant assets, net 248,221 234,588 214,897 Total assets $ 469,208 $ 404,490 $ 347,500 Liabilities and Equity Accounts payable $ 118,001 $ 67,675 $ 46,787 Long-term notes payable secured by mortgages on plant assets 89,093 95,824 75,262 Common stock, $10 par value 163,500 163,500...