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B Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yes Ago $ 25,960 75,299 91,862 8, 201 234,644 $ 435,986 $ 30,669 $ 31,640 53,145 43,031 68,837 46,291 7,893 3,621 215,306 195,017 $375,850 $319,600 ok 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 $ 110,732 $ 64,154 $ 41, 343 > ht 83,605 163,500 78,149 435,986 89,039 68,513 163,500 163,500 59,157 46.244 $ 375,850 $ 319,600 ences 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? Complete this question by entering your answers in the tobs below. Reg 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place) SIMON COMPANY Common Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago 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, S10 par Retained earnings Total liabilities and equity Req 2 and 3 > Lo SLUL, >10 par value Retained earnings Total liabilities and equity 103,00 78,149 $ 435,986 10,00 105,500 59,157 46, 244 $375,850 $ 319,600 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final perc 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 to 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 o assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 es 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
