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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: Exercise 17.6 (Algo) Common-size percents LOP2 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 recelvable as a percentage of total 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. Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place, 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