C Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 yrs ago . At December 31 Assets Cash Accounts receivable, net Merchandise 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, $10 par value Retained earnings Total Habilities and equity $ 35,071 101.646 129,079 11,520 312, 107 5 594,423 $ 41,815 $ 42,276 71,741 55,252 95,748 61,238 10,654 4,604 292,476 259.630 $512,434 $ 422,800 zipped BOOK $ 145,051 $86,601 $ 54,693 Pin 113,987 163,500 171 $ 594,423 116.681 93,439 163,500 163,500 145,652 111.16 $ 512,434 422,500 erences 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? answers to 1 decimar place.) bok 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 % 9 Long-term notes payable secured by mortgages on plant assets Common stock, 510 par Retained earnings Total liabilities and equity % 96 int ences Reg 2 and 3 > Complete this question by entering your answers in the tabs below. Reg 1 Req 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 less ok ht 2. Change in accounts receivable 3. Change in merchandise inventory -nces