\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Common-Size Comparative Balance Sheets } \\ \hline \multicolumn{7}{|c|}{ December 31} \\ \hline & \multicolumn{2}{|l|}{ Current Year } & \multicolumn{2}{|c|}{1 Year Ago } & \multicolumn{2}{|c|}{2 Years Ago } \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline Cash & % & % & & % & r & % \\ \hline \multicolumn{7}{|l|}{ Accounts receivable, net } \\ \hline \multicolumn{7}{|l|}{ Merchandise inventory } \\ \hline \multicolumn{7}{|l|}{ Prepaid expenses } \\ \hline \multicolumn{7}{|l|}{ Plant assets, net } \\ \hline Total assets & % & % & & % & & % \\ \hline \multicolumn{7}{|l|}{ Liabilities and Equity } \\ \hline Accounts payable & % & % & & % & r & % \\ \hline \multicolumn{7}{|l|}{ Long-term notes payable } \\ \hline \multicolumn{7}{|l|}{ Common stock, $10 par } \\ \hline \multicolumn{7}{|l|}{ Retained earnings } \\ \hline Total liabilities and equity & & % & & % & 7 & % \\ \hline \end{tabular} 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? Exercise 13-6 (Algo) Common-size percents LO P2 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? requirea ntormation Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios