4 Exercise 13-6 Common-size percents LO P2 3 Simon Company's year-end balance sheets follow. Current Yr eBook 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 Connon stock, $10 par value Retained earnings Total liabilities and equity $ 26,639 75,694 96,123 8,579 235,621 $ 442,656 1 Yr Ago 2 Yrs Ago $ 31,444 $ 30,852 52,890 43,235 70,596 45,608 7,773 3,568 218.897 194,737 $ 381,600 $ 318,000 Hint $ 109, 119 $ 62,556 $ 41,976 Print 82,387 163,500 87,650 86,013 68,170 163,500 163,500 69,531 44,354 $ 381,600 $ 318,000 References 1. Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total ossets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Reg 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 ME (Gram Hall 4 a5565 va vui quis V I Livum asi. 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage assets favorable or unfavorable? 3 its Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 eBook Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) Hint Print References 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 % % % Llabilities and Equity Accounts payable % % % Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity % Reg 2 and 3 > Vic Graw