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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 27,166 80,343 $ 32,727 $32,118 55,571 73,433 43,256 46,999 97,986 9,106 255,242 $469,843 $ 115,821 85,681 162,500 105,841 $ 469,843 8,421 234,885 $ 405,037 $ 67,082 95,022 162,500 80,433 $ 405,037 For both the current year and one year ago, compute the following ratios: 3,533 201,794 $327,700 $ 42,824 74,594 162,500 47,782 $ 327,700 1. Express the balance sheets in common-size percents. 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. Req 1 Req 2 and 3 Errore the balance cheats in common-size percents (Do not mind intermediate calculations and round your final nerrentane