Net Merchandise Inventory Assignment | Top Universities

Simon Company s year-end balance sheets At December 31 2017 2016 2015 Assets Cash $ 30,605 34,038 36,893 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 61, 390 77,910 8,935 251,887 $503,626 $434, 160 $361,800 86,981 107,197 9,760 269,083 47,758 52,403 3,980 220,766 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $126,657 $ 75,574 47, 280 94,682 163,500 118,787 79,958 99,857 163,500 95,229 $503,626 $434, 160 $361,800 163, 500 71,062 Total liabilities and equity Express the balance sheets in common-size percents. (Do not round intermediate calculations and round y percentage answers to 1 decimal place.)

SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-2017, 2017 2016 2015 Assets % % % Cash 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 %. Get Accounting Homework Help Today.