4 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 0.76 points At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, bet Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Metained earnings Total liabilities and equity $ 34,791 101,844 126,781 11,092 315, 172 $589,680 $ 40,261 $ 42,362 69,745 57,048 96,865 60,154 10,675 4,801 290,799 263,595 $ 508,345 $ 427,900 $ 143,894 $ 85,051 $ 58,177 113,077 163,500 169,209 $ 589.680 119,258 91,729 163,500 163,500 140,536 114.494 $ 508,345 $ 427,900 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? Answer is not complete. 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 December 31 Current Year 1 Year Ago 2 Years Aga Mc Check my work mode : This shows what is correct or incorrect for the work you have completed so 4 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? Answer is not complete. 5 ots 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 I decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets Decomber 31 Current Year 1 Year Ago 2 Years Ago % % % % % % Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, not Total assets Liabilities and Equity Accounts payable Long-term notos payablo secured by mortgages on plant assets Common stock, $10 par Rotained earings Total Habilities and equity % % % % % % RAN Reg 2 and 3 > MC