Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)
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Simon Company's year-end balance sheets
At December 31 2017 2016 2015 Assets Cash $33,444 $39,092 $39,524 Accounts receivable, net 93,165 67,083 51,163 Merchandise inventory 120,687 86,013 53,938 Prepaid expenses 10,352 10,062 4,392 Plant assets, net 292,682 272,172 238,583 Total assets $550,330 $474,422 $387,600 Liabilities and Equity Accounts payable $134,292 $80,979 $49,628 Long-term notes payable secured by mortgages on plant assets 103,462 105,844 84,803 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 149,076 124,099 89,669 Total liabilities and equity $550,330 $474,422 $387,600Get Answers For Free
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