Answer:
Simon Company
Common-size percents Balance Sheet as of the years ended December 31 2015 2014 2013:
2015 % 2014 % 2013 %
Assets
Cash $25,267 5.8% $30,131 8.1% $31,387 10%
Accounts receivable, net 75,450 17.4% 50,642 13.6% 41,435 13.2%
Merchandise inventory 92,074 21.3% 68,299 18.3% 44,128 14.1%
Prepaid expenses 8,301 1.9% 8,066 2.2% 3,418 1.1%
201,092 46.5% 157,138 42.1% 120,368 38.3%
Plant assets, net 231,487 53.5% 215,775 57.9% 193,532 61.7%
Total assets $432,579 100% 372,913 100% 313,900 100%
Liabilities and Equity
Accounts payable $106,635 24.7% $62,392 16.7% $41,849 13.3%
Long-term notes payable secured by mortgages
on plant assets 79,698 18.4% 84,912 22.8% 71,453 22.8%
Total Liabilities $186,333 43.1% $147,304 39.5 $113,302 36.1%
Common stock, $10
par value 163,500 37.8% 163,500 43.8% 163,500 52.1%
Retained earnings 82,746 19.1% 62,109 16.7% 37,098 11.8%
Total liabilities and
equity $432,579 100% $372,913 100% 313,900 100%
Explanation:
Simon Company's balance sheets in common-size percents shows the relative values of assets and liabilities and equity in numeric and percentage terms to enable comparison. The company's balance sheet line items are expressed as percentages of the total, usually the total assets in each period. From the analysis, the management, investors, and other parties of Simon Company can understand the changes in the line items from year to year, thus making it possible for Simon Company to undertake a trend analysis.
