Tuesday 13 February 2018

Simon Company's year-end balance sheets follow


Simon Company's year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 29,083 $ 33,996 $ 35,766 Accounts receivable, net 87,698 58,892 48,161 Merchandise inventory 104,911 77,027 50,285 Prepaid expenses 9,271 9,014 3,935 Plant assets, net 266,955 250,311 219,553 Total assets $ 497,918 $ 429,240 $ 357,700 Liabilities and Equity Accounts payable $ 125,221 $ 70,365 $ 46,744 Long-term notes payable secured by mortgages on plant assets 95,481 95,763 77,471 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 113,716 99,612 69,985 Total liabilities and equity $ 497,918 $ 429,240 $ 357,700 Express the balance sheets in common-size percents.

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