Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. 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 recelvable as a percentage of total assets tavorable 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? Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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? 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