Content X Question 6 - Ch. 17 Assignmen X Accounting Class 2 Test 3 Flas X Course Hero x Course Hero X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.pmi.edu%252Fwebapps%252Fblackb... Update : Ch. 17 Assignment i Saved Help Save & Exit Submit Check my work 6 Required information Part 1 of 5 Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] 1.08 Simon Company's year-end balance sheets follow. points At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 35, 479 $ 42, 309 $ 42, 352 Accounts receivable, net 105, 944 74, 774 57 , 599 eBook Merchandise inventory 134 , 510 96, 871 58 , 925 Prepaid expenses 11, 772 11, 326 4, 659 Plant assets, net 319 , 702 298 , 347 264, 265 Total assets $ 607, 407 $ 523, 627 $ 427, 800 Hint Liabilities and Equity Accounts payable $ 152 , 757 $ 87, 608 $ 57, 034 Long-term notes payable 110 , 767 119, 230 91 , 707 Common stock, $10 par value 162, 500 162,500 163,500 Print Retained earnings 181 , 383 154 , 289 115 , 559 Total liabilities and equity $ 607, 407 $ 523, 627 $ 427, 800 In References For both the current year and one year ago, compute the following ratios: Exercise 17-6 (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? Mc Graw Hill6 Question 6 Ch.17 Assignmer X 6 9 0' ezto.mheducation.com/ext/map/index.htm|?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.pmi.edu%252Fwebapps%252Fblackb... ] Ch. 17 Assignment 0 Saved Help Save 8. Exit Submit 6 I Exercise 17-6 (Algo) Common-size percents LO P2 Part10f5 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 1'08 assets favorable or unfavorable? points Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 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? E! 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? Print ShowlessA IE 2. Change in accounts receivable References 3. Change in merchandise inventory ( Req1 LO 6 Question 6 Ch.17 Assignmer X 6 9 0' ezto.mheducation.com/ext/map/index.htm|?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fonline.pmi.edu%252Fwebapps%252Fblackb... ] Ch. 17 Assignment 0 Saved Help Save 8. Exit Submit 6 I Exercise 17-6 (Algo) Common-size percents LO P2 Part10f5 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 1'08 assets favorable or unfavorable? points Complete this question by entering your answers in the tabs below. eBook @ Reg 1 Reg 2 and 3 Hint " Req 2 and 3 2. Assuming annuaTsaTes'riaVe not changed in the last three years, Is the change In accounts receivable as a percentage of total assets favorable or unfavorable? E! 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? Print ShowlessA IE 2. Change in accounts receivable References 3. Change in merchandise inventory ( Req1 LO