3 2 points Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow eBlock B Hint Cash At December 31 Assets Current Year 1 Year 2 Years Ago Ago $ $ 30,286 35,752 36,146 Accounts receivable, net 85,171 60,113 47,718 Merchandise inventory 105,993 79,434 51,333 Prepaid expenses 9,753 8,925 3,857 Print Plant assets, net 277,037 253,914 222,446 $ $ 0 Total assets Reference Liabilities and Equity Accounts payable Long-term notes payable. Common stock, $10 par value Retained earnings Total liabilities and equity 508,248 438,138 361,500 $ 130,348 72,564 49,150 95,505 100,772 80,690 163,500 162,500 162,500 117,887 102,302 69,160 $ $ 588,240 438,138 361,500 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 a percentage of total assets fevorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as percentage of total assets favorable or unfavorable Complete this question by entering your answers in the tabs below. Saved Complete this question by entering your answers in the tabs below. 2 Req 1 Req and 3 Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place. Assets Cash SIMON COMPANY Common-Size Comparative Balance Sheets Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net December 31 Current Year 1 Year Ago 2 Years Ago % Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par Retained earnings Total liabilities and equity % % Show less A 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? 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 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? 2. Change in accounts receivable 3. Change in merchandise inventory Show less