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Reculred Information Use the following information for the Exerclses below, (Algo) [The following informadion opples to the ouestions dirpiayed below) Simon Company's year-end balance sheets follow. For both the current year and one yeor ago. compune the followng ratios Exercise 13-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size petcents. 2. Assuming annual soles have not changed in the last three years, is the chibige in accounts recelvable as a percentage of tctal ossets favorable or urfovorable? 3. Astuming annual fales have not changed in the iast thee years, is the change in merchandise inveritory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below, Express the belanice sheets in common-size percents. (Do not round intermediate calculatione and tound your final perrientsze anewers to 1 decimal place.) Required informotion Use the following informatlon for the Exercises below. (Algo) [The following intormation applies to the questions displayed below] 5 imon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 13-6 (Algo) Common-size percents LOP2 1. Express the balance sheets in common-size percents, 2. Assuming annual sales have not changed in the fast three years, is the change in accounts recelvable as a percentage of total assets favorable or unfavorable? 3. Assuming annual cales have not changed in the last three years, is the change in merchandise inventory as a percentage of tota assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. 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