question 2

Required information 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: 1. Express the balance sheets in comrman-size percents. 2. Assuming annual sales have not changed in the inst three pears, is the change in accounts receivabie as s percentage of total assets favorable of Lavavorable? 3. Assuming annual sales have net changed th the task the years, in the change in merchandise ittventory as a percentage of total assete fovorable oe unfiscoble? Q) Answer is net complete. Completis this quetion by entering your anwers in the tabs belew. Briwere tio 1 secimat ptace