Question

Simon Company's year-end balance sheets follow.

At December 31	2017			2016			2015
Assets
Cash	$	31,484		$	36,802		$	38,366
Accounts receivable, net		87,707			62,528			51,155
Merchandise inventory		113,616			82,626			55,575
Prepaid expenses		9,647			9,379			4,136
Plant assets, net		275,633			255,292			234,468
Total assets	$	518,087		$	446,627		$	383,700
Liabilities and Equity
Accounts payable	$	126,424		$	75,480		$	49,129
Long-term notes payable secured by mortgages on plant assets		98,374			105,806			86,494
Common stock, $10 par value		163,500			163,500			163,500
Retained earnings		129,789			101,841			84,577
Total liabilities and equity	$	518,087		$	446,627		$	383,700

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
Common-Size Comparative Balance Sheets
December 31, 2015-2017
	2017		2016		2015
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

Simon Company
Common size comparative Balance Sheet
Particulars	2017	2016	2015
Cash	6.1%	8.2%	10.0%
Account receivable Net	16.9%	14.0%	13.3%
Merchandise Inventory	21.9%	18.5%	14.5%
Prepaid Expenses	1.9%	2.1%	1.1%
Plant Asset, net	53.2%	57.2%	61.1%
Total Asset	100%	100%	100%
Liabilities and Equity
Accounts payable	24.4%	16.9%	12.8%
Long term note payable	19.0%	23.7%	22.5%
Common Stock	31.6%	36.6%	42.6%
Retained earnings	25.1%	22.8%	22.0%
Total Liabilities and Equity	100%	100%	100%