Exercise 17-6 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 receivable as a percentage of totai osiets tavorable of unfavorable? 3. Assuming annual sales have not changed in the lost three years; is the change in merehandise inventory as a percentage of total assets favorable or unfavoroble? Complete this question by entering your answers in the tabs below. Express the baiance sheets in common-size percenti. KDo not round intermediate calculstions and round your ninsi percentage answers to 1 decinal places.) 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.) 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. 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