Exercise 17-6 Common-size percents LO P2 31 Simon Companys year-end balance shee
ID: 2393659 • Letter: E
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Exercise 17-6 Common-size percents LO P2 31 Simon Companys year-end balance sheets follow 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 31,705 35,244 $ 38,998 90,99062,312 86,542 9,251 280.663 260,822 51,998 4,291 s 526,838 454,171 $ 386,200 s 129,871 s 76,755 s 51,998 163,500 163, 500 163,500 s 526,838 $ 454,171 s 386,200 113,270 10,210 54,840 Print Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value 98,055 106,549 Retained earnings Total liabilities and equity Express the balance sheets in common-size percents. (Do not round intermediate calculations and answers to 1 decimal place.)Explanation / Answer
Simon Company
Common Size Comparative balance Sheet
December 31st , 2015-2017
2017
2016
2015
Assets
Cash
6.0%
7.8%
10.1%
Accounts Receivables , net
17.3%
13.7%
13.5%
Merchandise Inventory
21.5%
19.1%
14.2%
Prepaid Expenses
1.9%
2.0%
1.1%
Plant Assets ,Net
53.3%
57.4%
61.1%
Total Assets
100.0%
100.0%
100.0%
Liabilities and Equity
Accounts Payable
24.7%
16.9%
13.5%
Long Term Notes Payable Secured by mortgage on plant assets
18.6%
23.5%
21.9%
Common Stock $10 Par
31.0%
36.0%
42.3%
Retained Earnings
25.7%
23.6%
22.3%
Total Liabilities and Equity
100.0%
100.0%
100.0%
Simon Company
Common Size Comparative balance Sheet
December 31st , 2015-2017
2017
2016
2015
Assets
Cash
6.0%
7.8%
10.1%
Accounts Receivables , net
17.3%
13.7%
13.5%
Merchandise Inventory
21.5%
19.1%
14.2%
Prepaid Expenses
1.9%
2.0%
1.1%
Plant Assets ,Net
53.3%
57.4%
61.1%
Total Assets
100.0%
100.0%
100.0%
Liabilities and Equity
Accounts Payable
24.7%
16.9%
13.5%
Long Term Notes Payable Secured by mortgage on plant assets
18.6%
23.5%
21.9%
Common Stock $10 Par
31.0%
36.0%
42.3%
Retained Earnings
25.7%
23.6%
22.3%
Total Liabilities and Equity
100.0%
100.0%
100.0%
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