ASE Current 125,742 14,112 19.011 WA 3,5 35,700 59,393 *7,00 10.06 41,233 3,774 245,645 216.101 420,522 350,100 9.11 266.00 1407.01 accounts receilit Merchandise Inventory Prepais espere Plants Total acts Libilities and Equity Accounts payable 1 notes payable secured by or on plates CON stoch, 10 par volan streaming Total ties wity $125,250 42 163, 1120 199,00 $ 75,144 46,679 9.540 79,693 113.500 163,500 0.22 5428,1325 350,00 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 vertory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below Express the balance sheet incorporcento. O intermediate action and your finalen www to decimal place SIMCW COMPANY Canon Comparati lance Sheets Decibe 31 Current Yeni 1 Year Ago 2 Yais A Mos Accounts relationet Merchandise Prepaid Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yes Ago At tecember 31 Assets Cash Accounts receivable, net Herchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-ters notes payable secured by mortgages on plant assets Common stock, 510 par value Retained earnings Total liabilities and equity $ 28,742 84,152 109,011 9,161 266,020 $ 497,086 $ 33,596 535,700 59,393 47,600 80,069 48,223 8,819 3,774 246,645 214,803 $ 428,522 $ 350,100 $ 126,250 $ 73,144 546,675 94,307 163,500 112,949 5497.036 99,546 79,693 163,500 163,500 60,232 $ 428, 522 5 350,100 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? 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 Ago Assets 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 Ago 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 Common stock, 510 par Retained earnings Total liabilities and equity % Reg 2 and 3 > Complete this question by entering your answers in the tabs below. Rea 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 lessai 2. Change in accounts receivable 3. Change in merchandise inventory
