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-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retnined earnings Total liabilities and equity $ 34,281 $ 39,286 $ 40,116 96,434 69,437 53,488 122,473 89,031 56,401 10,715 10,416 4,546 305,737 282,899 246,649 $ 569,640 $ 491,069 $ 401,200 $ 140,422 $ 82,161 $ 54,018 110,305 114,075 88,665 163,500 163,500 163,500 155,413 131,333 95,017 $ 569,640 $ 491,069 $ 401,200 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? Reg 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 Comparativo Balance Sheets December 31 Current Yoar 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, S10 par Retained earnings Total liabilities and equity CR Reg 2 and 3 >