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please help Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Simon Company's year-end balance sheets
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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 13-6 (Algo) Common-size percents LO P2 1. Express the batance sheets in common-stzo perconts: 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentape of total ascets fovorable or unfovorable? 3. Assuming arnual sates have not changed in the last three years, ha the change in merchandiso inventory as a percentage of totol assets fovorable or unfavorable Step by Step Solution
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