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help please!! Simon Company's year-end balance sheets follow. For both the current year and one yeat ago, compute the followng ratios 1. Express the balance
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Simon Company's year-end balance sheets follow. For both the current year and one yeat ago, compute the followng ratios 1. Express the balance sheets in common-size percents. 2 Assuming annual sales have not changed in the last three years, is the chantje in accounts receivable as a percentage of totat assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merehandise inventory as a percentage of total assets favorable or infavorable Step by Step Solution
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