Question

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 163,500 163,500 163,500 Retained earnings 165,337 139,409 103,876 Total liabilities and equity $ 587,955 $ 506,858 $ 414,100 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's year-end balance sheets follow 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 2017 2016 34,342 $ 40,143 40,996 100,540 69,54154,115 125,146 94,70659,978 4,646 316,979 291,824 254,365 $587,955 $506,858 $414,100 10,948 10,644 $150,793 $ 87,372 $ 55, 208 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 108,325 116,577 91,516 163,500 163, 500 163,500 165, 337 139,409 103,876 $587,955 $506,858 $414,100 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)

Answer 1

Note:

1. Percentage can be calculated by divided the respective asset with total assets and respective liability with total Liabilities