Maps M Gmail 3 Homework Saved Help Save Simon Company's year-end balance sheets follow Current Yr 1 Ye Ago 2 Yrs Ago 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, 510 par value Retained earnings Total 11obilities and equity $ 32,103 95,879 120,550 10,235 290,931 $ 549,703 $ 37,531 $ 38,716 66,343 50, 103 89,422 55,532 9,852 4,344 270,234 234, 205 $ 473,882 $ 383,400 $ 136,876 $ 79,285 $ 49,091 102,311 163,500 147,016 $ 549,703 106,013 86,426 163,500 163,500 124, 2014 34,383 5473,682 383,400 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? a Search o G Homework Saved Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percenta answers to 1 decimal place.) SIMON COMPANY Common Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets % % 96 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 Retained earnings Total liabilities and equity % % % 96 % % amework Sarved Help S 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 Req 2 and 3 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? 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 o a $