stsubmissionView-1325270721 96062508wid-132522 Eercise 17-b Common-size percents

Question

stsubmissionView-1325270721 96062508wid-132522 Eercise 17-b Common-size percents LO PZ Simon Company's year-end balance sheets follow. 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 $ 24,558 S 28,999 $ 30,805 38,681 43,756 3,423 185,435 $ 424,728 $ 366,145 $ 302,100 71,176 51,260 92,23069,092 7,766 228,694209,028 8,070 $ 105,757 63,735 $ 40,276 65,429 163,500 163,500 163,500 32,895 $ 424,728 $ 366,145 $ 302,100 80,647 85,898 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 74.824 53,012 s the balance sheets in common-size percents. (Do not round intermediate calculations and roun Expres to 1 decimal place.) SIMON COMPANY Common-Size Comparative Ralance shoate

Explanation / Answer

SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-17 2017 2016 2015 Amount % Amount % Amount % Assets Cash      24,558.00 5.8%      28,999.00 7.9%      30,805.00 10.2% Accounts Receivable, Net      71,176.00 16.8%      51,260.00 14.0%      38,681.00 12.8% Merchandise Inventory      92,230.00 21.7%      69,092.00 18.9%      43,756.00 14.5% Prepaid Expenses        8,070.00 1.9%        7,766.00 2.1%        3,423.00 1.1% Plant Assets, net    228,694.00 53.8%    209,028.00 57.1%    185,435.00 61.4% Total Assets    424,728.00 100.0%    366,145.00 100.0%    302,100.00 100.0% Liabilities & Equity Accounts Payable    105,757.00 24.9%      63,735.00 17.4%      40,276.00 13.3% Long-term Notes Payable secured by mortgages on Plant Assets      80,647.00 19.0%      85,898.00 23.5%      65,429.00 21.7% Common Stock, $ 10 Par Value    163,500.00 38.5%    163,500.00 44.7%    163,500.00 54.1% Retained Earnings      74,824.00 17.6%      53,012.00 14.5%      32,895.00 10.9% Total Liabilities & Equity    424,728.00 100.0%    366,145.00 100.0%    302,100.00 100.0%

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.