COEECL.rItTIE 13 Ex 13-6 Saved Help Save & Exit Check my 1 Simon Company's year-end balance sheets follow. 1 Yr Ago 2 Yrs Ago At December 31 Current Yr Assets $ 30,900 $ 34,192 55,178 70,727 8,359 228,966 Cash S 27,514 78,961 100,262 8,687 241,767 nts Accdunts receivable, net Merdhandise inventory Prepaid expenses Plant assets, net 43,801 46,639 3,836 eBook 210,132 Total assets 457,191 $394,130 $ 338,600 Hint Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 67,940 45,589 117,256 Ask 87,671 163,500 88,764 88,837 163,500 73,853 74,082 163,500 55,429 Print eferences 394,130 338,600 457,191 Total liabi1ities and equity 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. Req 2 and 3 Req 1 Next Prev 1 of 1 6 Req 1 Req 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.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % % Accounts receivable, net ces 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 eamings % % Total liabilities and equity Req 2 and 3 Next Prev 1 of 1 3. ASSuming annuai saies nave not cnangea in tne iast tnree years, is thne cnange in mercnanaise inventory as a percentage or to assets favorable or unfavorable? Complete this estion by entering your answers in the tabs below. Req 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 lessA ces Change in accounts receivable 2. 3. Change in merchandise inventory Req 1 2 and 3 Prey 1 of 1 Next