Question

Simon Company's year-end balance sheets follow.

At December 31	2017			2016			2015
Assets
Cash	$	30,575		$	35,025		$	37,586
Accounts receivable, net		90,388			61,293			49,628
Merchandise inventory		114,760			80,168			53,388
Prepaid expenses		9,649			9,194			4,014
Plant assets, net		272,850			261,063			223,984
Total assets	$	518,222		$	446,743		$	368,600
Liabilities and Equity
Accounts payable	$	126,457		$	77,010		$	47,682
Long-term notes payable secured by mortgages on plant assets		94,503			103,778			82,275
Common stock, $10 par value		163,500			163,500			163,500
Retained earnings		133,762			102,455			75,143
Total liabilities and equity	$	518,222		$	446,743		$	368,600

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

Simon Company
Common-Size Balance Sheet
	2017	2016	2015
Assets
Cash	5.9 %	7.8 %	10.2 %
Accounts Receivables	17.4 %	13.7 %	13.5 %
Merchandise Inventory	22.1 %	17.9 %	14.5 %
Prepaid Expenses	1.9 %	2.1 %	1.1 %
Plant Assets	52.7 %	58.4 %	60.8 %
Total Assets	100.0 %	100.0 %	100.0 %
Liabilities and Equity
Accounts Payable	24.4 %	17.2 %	12.9 %
Long-term notes payable	18.2 %	23.2 %	22.3 %
Common stock, $10 par value	31.6 %	36.6 %	44.4 %
Retained earnings	25.8 %	22.9 %	20.4 %
Total liabilities and equity	100.0 %	100.0 %	100.0 %