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Answer the questions in Excercise 17-6. thank you very much. Simon Company's yearend balance sheets follow, (1) Express the balanse sheets in common-size per cents.

Answer the questions in Excercise 17-6. thank you very much. image text in transcribed
Simon Company's yearend balance sheets follow, (1) Express the balanse sheets in common-size per cents. Round percents to one decimal, (2) Assuming annaal sales have not changed in the tast three years. is the change in accounts receivable as a percentago of total assets fivorable or unfivorable? (3) is the change in merchandise inventory as a pertentage of total assets favorable or unfonsable? Question 2

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