At Don Assets Cash $ 28, 257 $ 33, 367 $ 34,417 Accounts receivable, not 82, 734 59.572 46,343 Merchandise inventory 108, 225 79,490 49, 854 Prepaid expenses 9.183 9.113 3,710 Plant assets, not 260, 393 239,750 269 ,876 Total assets $ 483,703 $ 421, 301 $ 344,200 Liabilities and Equity Accounts payable $ 120,472 $ 71, 203 $ 45, 434 Long-term notes payable secured by mortgages on plant assets 97, 868 78, 358 Common stock, $10 par value 163,508 163, sea 163 , 508 Retained earnings 114,697 88,733 56,916 Total liabilities and equity $ 488,725 $ 421, 301 $ 344, 208 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 tota 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. lesig 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 dedmal place. BIMON COMPANY Common-8/zo Comparative Balanoo Shouts Dooambar 31 Current Year |1 Year Ago 2 Years Ago Accato East Accounts receivable, not Merchandise inventory Propald exponac Plant aasota, not Total isacts Liabilities and Equity Accounts payable Long-term folks payabid secured by mortgagea on plant ascots Common stock $ 10 par Rethings barings Toli liabilities and equity