Check my 2 Exercise 17-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. points Current Yie eBook Pent At December 31 Assets Cash Mounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total asseta Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant susta Common stock, 010 par value Retained earning Total liabilities and equity $ 30,743 88,230 107,637 9,512 274, 733 $ 510.055 1 Yo Yego $ 34,879 # 36,332 62,271 48,465 80,658 52,113 9.45) 4,078 253, 151 229,734 $ 440,392 370,700 Ask P References $ 129,747 90.922 163,500 # 75,915 40,932 102,303 82,744 163,500 163,500 25,524 $ 440,992 $ 370,700 $ 510,055 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? Complete this question by entering your answers in the tabs below. Chi 2 Req1 Req 2 and 3 3 points Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) eBook Hint Ank Print References 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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earings Total abilities and equity Round 3 > Help Save 2 3. Assuming annual sales have not changes 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. 3 points Regi Reg 2 and 3 eBook Hint AR 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 Print References 2. Change in accounts receivable 3. Change in merchandise inventory