: SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % Accounts receivable, net Merchandise inventory

: SIMON COMPANY
Common-Size Comparative Balance Sheets
December 31
Current Year
1 Year Ago 2 Years Ago
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 : Simon Company’s year-end balance sheets follow,
At December 31
Current Yr
1 Yr Ago
2 Yrs Ago
Assets
Cash
Accounts receivable, net
Merchandise inventory
Prepaid expenses
Plant assets, net
$ 30,847
85,864
112,410
9,639
278,899
$4
36,772 $ 37,181
60,602
82,558
9,090
257, 236
49,574
52,807
4,131
224,507
Total assets
$ 517,659
$ 446,258 S 368, 200
Liabilities and Equity
Accounts payable
Long-term notes payable secured by
mortgages on plant assets
Common stock, $10 par value
Retained earnings
$ 131,475
73,909 $ 48,116
95,373
163, 500
127,311
83,813
163, 500
72,771
$ 446,258 $ 368,200
101,613
163, 500
107,236
Total liabilities and equity
$ 517,659
1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and
answers to 1 decimal place.)
2. Assuming annual sales have not changed in the last three years, is the change in accounts receivab
assets favorable or unfavorable?
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