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ercise 13-6 Common-size percents LO P2 mon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash

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ercise 13-6 Common-size percents LO P2 mon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses plant assets, niet Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sle par value Retained earnings Total liabilities and equity $ 28,741 80,850 101,653 9,074 257,262 $ 477,580 $ 33,595 5 35,366 58,215 47,622 76,166 50, 225 8,905 3,813 234,825 216,674 $ 411,707 5353,700 $ 115,350 $ 68,883 $ 47,155 90,683 163,5 108,047 $ 477,580 93,746 163,500 85.578 5411.707 78.949 163,500 54,096 $ 353.700 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. Real Reg 2 and 3 Express the balance sheets in common-size percents. Do not round Intermediate calculations and round your final percentage answers to I decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Years Ago Accounts receivable Merchant Prepaid wenses Planet net

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