Exercise 13-6 Common-size percents LO P2 Current YT 1 Yr Ago 2 Yrs Ago 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 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 A s 34.741 101 676 126,597 10859 303 404 $ 577 277 S 40,608 $ 40,642 71065 54.189 94,828 58,889 10,242 4,746 280.910 260 434 $ 497 653 $ 418,900 $ 148,054 $ 83,262 $ 56,401 106 358 163,500 159.365 $ 577 277 116.749 90.725 163 500 163,500 134, 142 108.274 $ 497 653 $ 418 900 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and rou 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory a Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and to answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets Business Overview....pdf A One Night in Para....pdf Search BI 15 Req 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round Intermediate calculations answers to 1 decimal place.) 2 Years Ago % SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash 9% 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 Retained earnings Total liabilities and equity % % Reg Req 2 and 3 >