3 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 2.62 points 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 $ 33,576 99,319 127,397 11,481 314,905 $ 586,678 $ 40,461 $ 40,089 71,514 53,452 95,436 56,914 10,833 4,545 287,513 258, 200 $ 505,757 $ 413,200 eBook $ 149,004 $ 87,182 $ 55, 633 Hint 110,295 163,500 163, 879 $ 586,678 117,487 89,491 163,500 163,500 137,588 104,576 $ 505,757 $ 413,200 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.) SIMON COMPANY Complete this question by entering your answers in the tabs below. Reg 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.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % % % 100.0 % 100.0 % 100.0 % 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 % % % 100.0 % 100.0 % 100.0: %