18 points Skipped 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. oflook At December 31 Assets Current Year 1 Year Ago 2 Years Ago $ 35,636 108,608 129,560 11,594 336,984 5622,682 $ 536,795 $ 42,514 75,151 100, 300 11,385) 307,445 $ 43,426 56,181 59,820 4,825 270,048 $434,300 $88,904 $55,608 122,228 95,020 162,500 163,500 162,500 186,520 162,163 121,172 $ 622,682 $ 536,795 $434,300 Hin Ask Print 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 value Retained earnings $ 156,598 117,064 Total liabilities and equity For both the current year and one year ago, compute the following ratios: Exercise 13-6 (Algo) Common-size percents LO P2 B-6 i ! Required information SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, net Merchandise inventory % % % 96 Prepaid expenses Plant assets, net Total assets % % 96 ces Liabilities and Equity Accounts payable % 96 Long-term notes payable Common stock, $10 par Retained earnings Total liabilities and equity 96 Saved 96 Req 2 and 3 >> 1 Required information 18 points Skoped Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Book 1911 Ask Pot 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? 2. Change in accounts receivable Show less & Pufrancas 3 Change in merchandise inventory