Ch 13 EX 13-6 Seved Help Save & Exit Submit Check my work 1 18 points Required information 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. eBook Current Year 1 Year Ago 2 Years Ago 1 Hint 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 Connan stock, $10 par value Retained earnings Total liabilities and equity $ 33,965 94,512 124,995 11,846 395,426 $ 569,974 $ 39,782 67,114 93,901 13,525 282,815 $ 491,357 $ 48,976 54,595 58,731 4.459 254,869 $ 413,600 Ask $ 149,584 110,378 163,59 155,603 $ 569,974 $ 82,209 112,912 163,500 132,636 $ 491,357 $ 54,595 93,234 162,5ee 183,271 $ 413,6ee References For both the current year and one year ago. compute the following ratios: 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? Complete this question by entering your answers in the tabs below. Check my work L-L 1 Required information 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? 18 points Complete this question by entering your answers in the tabs below. eBook 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.) Ask 2 Years Ago Print % 20 a References SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash % %% Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets. net Total assets Total scots % % Liabilities and Equity Accounts payablo % % Long-term notes payable Common stock, $10 par , Retained earnings Total liabilities and equity % % % % Req1 Reg 2 and 3 >