es ! Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year $ 26,640 76,430 100,018 8,666 244,326 $ 456,080 $ 111,293 85,743 162,500 96,544 $ 456,080 1 Year Ago $ 31,454 54,494 71,282 8,422 227,520 $ 393,172 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-size percents. 2 Years Ago $ 65,782 89,525 163,500 74,365 $393,172 $ 31,177 42,409 46,074 3,534 194,906 $ 318,100 $41,149 72,409 163,500 41,042 $ 318,100

Required information [The following information applies to the questions displayed below] Sifmon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-size percents. 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 favourable or unfavourable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favourable or unfavourable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) answers to 1 decimal place.) [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 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 favourable or unfavourable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of tota assets favourable or unfavourable? assets favourable or unfavourable? Complete this question by entering your answers in the tabs below. 2. Assuming annual sales have not changed in the last three years, is the change in accountsteceivable 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