Question

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 $ 28,394 $ 33,515 $ 79,066 56,943 102,454 72,989 9,654 8,712 252,845 234,576 $ 471,813 $ 406,735 $ 32,898 44,302 45,771 3,582 205,747 332,300 $ 115, 132 $ 66,676 $ 43,425 91,362 92,614 72,704 163,500 163,500 101,819 __ 83,945 52,671 $ 471, 813 $ 406,735 $ 332,300 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2015 SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-2017 2017 2016 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 %

Answer 1

2015 SIMON COMPANY Common - Size Comparative Balance sheets December 31, 2015 - 2017 2017 2016 Assets Cash 6.0 % 8.2 % Accounts receivables 16.8 % 14.0 % Merchandise inventory 21.7 % 17.9% Prepaid expenses 1.9% 2.1 % Plant assets, net 53.6% 57.7 % Total assets 100.0 % 100.0 % Liabilities and Equity Accounts payable 24.4% 16.4% Long term notes payable secured by mortgage on plant assets 19.4 % 22.8 % Common stock, $10 par 34.7 % 40.2 % Retained earnings 21.6% 20.6% Total liabilities and equity 100.0 % 100.0% 9.9 % 13.3 % 13.8 % 1.1 % 61.9 % 100.0 % 13.11% 21.9% 49.2 % 15.9 % 100.0 %