Simon Companys yearend balance sheets follow Express the bal

Simon Company\'s year-end balance sheets follow. Express the balance sheets in common-size percents Round amounts to the nearest one-tenth of a percent. Analyze and comment on the results. At December 31 2017 2016 2015 Assets Cash Accounts receivable, net 89,500 62,500 50,200 112,500 82,500 54,000 5,000 278,500 255,000230,500 $523,000 $445,000 $377,500 . . . . 10,700 9,375 Liabilities and Equity $129,900 75,250 $51,250 Long-term notes payable secured by 98,500 101,500 83,500 163,500 163,500 163,500 Total liabilities and equity. $$23000 $445,000 $377 500

Solution

Common Size Comparative Balance Sheets :-

Assets	2017	2016	2015
Cash	6.1%	8%	10%
Accounts Receivable, Net	17.1%	14%	13.3%
Merchandise Inventory	21.5%	18.5%	14.3%
Prepaid Expenses	2%	2.1%	1.3%
Plant Assets, Net	53.3%	57.3%	61.1%
Total Assets	100%	100%	100%
Liabilities and Equity
Accounts Payable	24.8%	16.9%	13.6%
Long Term notes payable	18.8%	22.8%	22.1%
Common Stock	31.3%	36.7%	43.3%
Retained Earnings	25.1%	23.5%	21%
Total Liabilities and Equity	100%	100%	100%