Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 32,777...

Simon Company's year-end balance sheets follow.

At December 31	2017		2016		2015
Assets
Cash	$	32,777	$	37,176	$	38,353
Accounts receivable, net		93,117		65,721		51,648
Merchandise inventory		118,260		87,723		55,011
Prepaid expenses		10,346		9,958		4,304
Plant assets, net		295,546		273,600		238,084
Total assets	$	550,046	$	474,178	$	387,400
Liabilities and Equity
Accounts payable	$	136,961	$	80,937	$	50,625
Long-term notes payable secured by mortgages on plant assets		102,375		109,061		83,903
Common stock, $10 par value		163,500		163,500		163,500
Retained earnings		147,210		120,680		89,372
Total liabilities and equity	$	550,046	$	474,178	$	387,400

Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)

Solutions

Expert Solution

Solution is as follows:

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800...

Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500...

Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 34,308...

Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 34,308 $ 38,923 $ 40,958 Accounts receivable, net 96,509 66,739 54,060 Merchandise inventory 126,245 92,737 58,155 Prepaid expenses 11,048 10,114 4,735 Plant assets, net 301,972 282,937 259,992 Total assets $ 570,082 $ 491,450 $ 417,900 Liabilities and Equity Accounts payable $ 139,111 $ 83,886 $ 56,266 Long-term notes payable secured by mortgages on plant assets 108,247 115,294 91,432 Common stock, $10 par value 162,500 162,500...

Simon Company's year-end balance sheets At December 31 2017 2016 2015 Assets Cash $34,248 $41,667 $44,275...

Simon Company's year-end balance sheets At December 31 2017 2016 2015 Assets Cash $34,248 $41,667 $44,275 Accounts receivable, net 99,261 71,487 58,461 Merchandise inventory 127,348 94,465 61,040 Prepaid expenses 11,367 10,937 4,872 Plant assets, net 320,094 292,063 265,552 Total assets $592,318 $510,619 $434,200 Liabilities and Equity Accounts payable $147,487 $87,158 $57,314 Long-term notes payable secured by mortgages on plant assets 113,583 120,966 98,837 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 167,748 138,995 114,549 Total liabilities and equity...

Simon Company’s year-end balance sheets follow. At December 31 2018 2017 2016 Assets Cash $ 31,800...

Simon Company’s year-end balance sheets follow. At December 31 2018 2017 2016 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500...

imon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800...

imon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500...

Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets At December 31 2017 2016...

Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets At December 31 2017 2016 2015 Assets Cash $36,867 $42,664 $44,006 Accounts receivable, net 110,059 75,415 57,512 Merchandise inventory 131,660 102,646 63,119 Prepaid expenses 12,229 11,652 4,890 Plant assets, net 334,056 306,305 270,573 Total assets $624,871 $538,682 $440,100 Liabilities and Equity Accounts payable $157,149 $89,217 $59,255 Long-term notes payable secured by mortgages on plant assets 119,825 125,136 100,180 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 184,397...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,149 $ 41,501 $ 43,226 Accounts receivable, net 102,901 72,626 57,634 Merchandise inventory 126,791 93,091 60,159 Prepaid expenses 11,548 10,894 4,755 Plant assets, net 325,373 300,648 266,526 Total assets $ 601,762 $ 518,760 $ 432,300 Liabilities and Equity Accounts payable $ 148,340 $ 86,794 $ 55,922 Long-term notes payable secured by mortgages on plant assets 113,131 122,894 97,449 Common stock,...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,340 $ 39,304 $ 41,359 Accounts receivable, net 101,431 69,483 53,004 Merchandise inventory 125,030 90,890 56,443 Prepaid expenses 10,828 10,738 4,506 Plant assets, net 308,905 290,907 250,288 Total assets $ 581,534 $ 501,322 $ 405,600 Liabilities and Equity Accounts payable $ 143,354 $ 85,571 $ 53,004 Long-term notes payable secured by mortgages on plant assets 110,422 118,763 87,845 Common stock,...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,375 $ 41,772 $ 43,086 Accounts receivable, net 105,666 72,362 55,741 Merchandise inventory 130,224 99,525 59,964 Prepaid expenses 11,624 11,076 4,645 Plant assets, net 328,921 302,687 267,464 Total assets $ 611,810 $ 527,422 $ 430,900 Liabilities and Equity Accounts payable $ 156,911 $ 90,026 $ 57,448 Long-term notes payable secured by mortgages on plant assets 115,020 122,520 96,181 Common stock,...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 36,630 $ 41,533 $ 43,718 Accounts receivable, net 107,228 74,181 58,874 Merchandise inventory 130,814 100,006 60,826 Prepaid expenses 12,150 11,352 4,712 Plant assets, net 334,032 308,147 273,470 Total assets $ 620,854 $ 535,219 $ 441,600 Liabilities and Equity Accounts payable $ 151,501 $ 90,452 $ 57,125 Long-term notes payable secured by mortgages on plant assets 113,219 120,638 99,545 Common stock,...

Subjects