Express the balance sheets in common size percents for two years ago

Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. $ 33,483 $ 35,234 104,383 219,929 259,327 240, 706 485 , 504 119,682 $ 69,318 97,226 163, 163,500 162,500 67 , 134 111,047 88,494 485,504 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longterm notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Yea r $ 28,072 84, 682 9,040 91,275 1 Year Ago 59,767 75,881 8,701 $ 418,538 $ 418,538 2 Years Ago 47,918 49,022 3, 797 $ 355,900 $ 46,039 80,227 $ 355,900 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 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?