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Current Yr1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities
Current Yr1 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 Retained earnings Total liabilities and equity $ 25,038 $ 28,398 $ 29,883 73,287 50,294 41, 454 93,048 68,351 43,296 7,983 7,455 3,320 220,820 207,813 186,947 $ 420,176 $362,221 $ 304,900 $ 101,485 $ 63,052 $ 40,649 81,363 163,500 73,828 $ 420,176 80,812 67,383 163,500 163,500 54,857 33,368 $362,221 $ 304,900 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final pere 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 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 assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. 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.)
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