Simon Company's year-end balance sheets follow. Current Yr $ 30,689 34,629 106,405 9.499 2721.784 1 505.000 1 YARO Y Ago $34,480 535,561 62.777 46,466 78,929 52,537 8.16 4,00 250, 296 220.66 $425,350 $ 359,200 At December 31 Assets Cash Accounts receivable, not Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long ter notes payable secured by more on plant assets Common stock, 510 ar value Retained varnings Tatal liabilities and equity $125.745 $ 72,183 49,363 94,941 163,500 120.519 1 500.000 99,129 57.765 163,00 163,500 100,613 65.572 435,350 $ 259,200 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 ossets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory os percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. R1 Reg 2 and 3 Express the balance sheets in common-se percent. (Do not round intermediate calculation and round your final percentage anwes u 1 decimatglace) SIMON COMPANY Common-site Comparative stance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets |Crush| Account Mer invertory Fred pers Plants Towe Lisbies and Equity As paya Longlom roles potesty C110 Regnd3 > Long-tern notes payable secured by mortgages on plant assets Conmon stock. $10 par value Retained earnings Total liabilities and equity 94,941 163,500 120,819 $ 505,006 99,129 81,765 163,500 163,500 100,618 65 572 $435,350 $ 359,200 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percent 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 to assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Reg 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? Show less 2. Change in accounts recevable 3. Change in merchandne inventory Long-tern notes payable secured by mortgages on plant assets Conmon stock. $10 par value Retained earnings Total liabilities and equity 94,941 163,500 120,819 $ 505,006 99,129 81,765 163,500 163,500 100,618 65 572 $435,350 $ 359,200 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percent 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 to assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Reg 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? Show less 2. Change in accounts recevable 3. Change in merchandne inventory
