Simon Companys year-end balance sheets follow. ...
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Accounting
| Simon Companys year-end balance sheets follow. |
| At December 31 | 2014 | 2013 | 2012 | |||||||
| 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 | 163,500 | |||||||
| Retained earnings | 131,100 | 104,750 | 79,250 | |||||||
| Total liabilities and equity | $ | 523,000 | $ | 445,000 | $ | 377,500 | ||||
| Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final answers to 1 decimal place.) |
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