Help Save Simon Company's year-end balance follow Current Yr 1 Yr Ago 2 Yrs Ago 5 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 37,594 106.842 131,673 12.106 330,405 $ 618,620 43,943 $ 73.168 95.699 10.975 309,508 $533.293 43,997 59.255 6 3,744 4,889 277,015 448.900 $ 157,117 $ 90,127 $ 61,032 ences 113,975 163,500 184,028 $ 618,620 125.111 98,215 163.500 163,500 154,555 126,153 $ 533, 293 $448,900 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? Prey 4 of 6 !!! Next > re to search 2 Years Ago SIMON COMPANY Common Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash 0.1 x % 43,943.0 Accounts receivable, net 0.2 x 73.168.0 X Merchandise inventory 02 95,699.0 % Prepaid expenses 12, 106.0 % 10,975.0 % Plant assets, net 330,405.03 309,508. 03 Total assets 100.0 % 100.0 % Liabilities and Equity Accounts payable Long-term notes payable secured 43,997.0 X 59,255.0 63,744.0 4,889.0 X 277,015.03 100.0 mortgages on plant assets Common stock $10 par Retained earnings Total liabilities and equity