4 Current Y Part 12 Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant anset, het Total sets Ltabilities and Equity Accounts payable Longtere notes payable Common stock, 510 par value Metained earnings Total liabilities and equity $ 29,385 82,661 104.981 9,277 261,970 $488,283 1 Yr Ago 2 Yrs Ago $ 34,611 34,727 57,752 44,033 18,209 49,322 3,928 3.70 240,034 212 111 $ 420,934 $ 543,900 062 alloot $ 122,798 93.797 162.500 111,100 5418,33 71,549 545,395 99,210 70,003 162,500 163,500 16,566 59.13 $430,934 $ 543,00 1. Express the balance sheets in common-site 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 year is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? % 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 Common stock, $10 par Retained earnings Total liabilities and equity % % % ROU Req 2 and 3 >