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 percentages of total assets favorable or unfavorable?

3)Assuming annual sales have not chnaged in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?

Thank you!

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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, 377 88,619 108,145 9,750 272,189 $ 508,080 36,091 $ 36,496 60,094 48,662 81,840 50,793 9,290 3,935 250,685 225, 114 $ 438,000 $365,000 $ 123,982 $ 73,282 $ 47,216 96,474 163,500 124, 124 $ 508,080 102,755 81,472 163,500 163,500 98,463 72,812 $ 438,000 $365,000 Req 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate cal 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 secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity % % % % % % Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Assuming annual sales have not changed in the last three years, is the change in accoun assets favorable or unfavorable? Assuming annual sales have not changed in the last three years, is the change in merch total assets favorable or unfavorable? 2. Change in accounts receivable Change in merchandise inventory 3.