1 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 14.28 points Skipped 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 $ 29,076 83, 446 105,956 9,272 255, 405 $ 483, 155 $ 32,321 $ 35,404 57,729 45,816 78,596 49,785 8,834 3,934 239,033 $ 416,513 $ 350, 600 215,661 eBook $ 119,103 $ 69,687 $ 46, 742 100 Hint 93,558 163,500 106,994 $ 483, 155 96, 756 78,257 163,500 163,500 86,570 62,101 $ 416,513 $ 350,600 Print References 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2 Years Ago SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash % Accounts receivable, net Merchandise inventory Prenaid evneneee % 1 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 14.28 points Skipped 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 $ 29,076 83,446 105,956 9,272 255, 405 $ 483, 155 $ 32,321 $ 35,404 57,729 45,816 78,596 49,785 8,834 3,934 239,033 215, 661 $ 416,513 $ 350, 600 eBook $ 119,103 $ 69,687 $ 46,742 100 96,756 78, 257 163,500 163,500 86,570 62, 101 $ 416,513 $ 350, 600 Hint 93,558 163,500 106,994 $ 483, 155 Print References 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 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? 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? Show less A 2. Change in accounts receivable 3. Change in merchandise inventory