Help Save & Exit Check 5 ! 125 Joints Shipped wo Hint Required information The following information applies to the questions displayed below! Simon Company's year-end balance sheets follow, At December 31 Current Year 1 Year Ago 2 years ago Assets Canh $31,00 $ 35.625 + 3.500 Accounts receivable, net 89.500 62,500 50,200 Merchandise inventory 112,500 $2.500 $4,000 Prepaid expenses 10,700 9.375 5,000 plant assets.net 278.500 255,000 230,500 Total assets $ 523,000 3.445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable 90,500 101.500 83,500 Common stock, 510 DAE Value 163,500 163,500 163,500 Retained earnings 131, 100 104.750 79.250 Total liabilities and equity 5.523,000 445,000 $ 377,500 References 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? Help Save Required Information Reg 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % % Accounts receivable, not Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notos payable Common stock. $10 par Retained eamings Total liabilities and equity C Rog Req 2 and 3 > Required information dssets Tavorable or unravorabler 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. Reg 1 Reg 2 and 3 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? Show less 2. Change in accounts receivable 3. Change in merchandise inventory