Exercise 17-6 Common-size percents LO P2 2017 2016 2015 $ $ $ Simon Company's year-end balance sheets 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 37,219 107,873 136,986 11,746 337,011 630, 835 44,376 77,658 100,607 11,420 309,762 543,823 43,986 59,821 63,722 4,887 271,884 444,300 $ $ $ $ 155,507 $ 92,825 $ 58,061 119,783 163,500 192,045 630, 835 126,330 163,500 161,168 543,823 99,172 163,500 123,567 $ 444,300 $ $ Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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 % % %