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Simon Company's year-end balance sheets follow 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? Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place. \begin{tabular}{|l|l|} \hline 2. Change in accounts receivable & unfavorable development. \\ \hline 3. Change in merchandise inventory & favorable development \\ \hline \end{tabular} Req1