1 of 5 21 Ints BOOK Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year ago 2 Years Ago Assets Cash $ 31,439 $. 36,749 $ 36,412 Accounts receivable, net 89,298 66,241 49,540 Merchandise inventory 115,712 84,133 54,891 Prepaid expenses 9.922 9,936 4,046 Plant assets, net 216,495 262,308 230,411 Total asset 5 532,866 $ 459,367 $375,300 Liabilities and Equity Accounts payable $ 120,703 $ 79,186 $ 49,540 Long-term notes payable 102,182 104,598 52, 961 Common stock, $10 par value 162,500 163,500 162,500 Retained earnings 139,401 112,003 00319 Total liabilities and equity $ 532,366 $ 459,367 $375,300 For both the current year and one year ago, compute the following ratios; Hint Print References Exercise 13-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common size percents 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? 3 5 1 2 Next > of 14 !!! Prey MC Graw Hin 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise Inventory as a percentage of total assets favorable or unfavorable? Ch 13: Assignment Soved 1 Required information Part 1 of 5 0.71 points eBook Express the balance sheets in common-size percents (Do not round Intermediate calculations and round your final perce answers to 1 decimal place.) 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 Common stock, $10 par Retained earnings Total liabilities and equity % RE Req 2 and 3 > Hint Print % References %252Fnewconnect.mheducation.com%252Ffectiv... Help 1 Save Required information C Part 15 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? 0.71 Doints Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Int 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory a percentage of total assets favorable or unfavorable? P ca 2. Change in accounts 3. Change in merchandie vertory