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Required information Skip to question [ The following information applies to the questions displayed below. ] Simon Company's year - end balance sheets follow. At

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[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
At December 31 Current Year 1 Year Ago 2 Years Ago
Assets
Cash $ 26,531 $ 31,952 $ 33,609
Accounts receivable, net 76,11755,91543,072
Merchandise inventory 95,70373,16446,335
Prepaid expenses 8,7168,0583,589
Plant assets, net 247,148222,476202,995
Total assets $ 454,215 $ 391,565 $ 329,600
Liabilities and Equity
Accounts payable $ 109,707 $ 65,513 $ 43,942
Long-term notes payable 85,39290,96172,113
Common stock, $10 par value 162,500163,500162,500
Retained earnings 96,61671,59151,045
Total liabilities and equity $ 454,215 $ 391,565 $ 329,600
For both the current year and one year ago, compute the following ratios:
Express the balance sheets in common-size percents.
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?
Express the balance sheets in common-size percents.
Note: Do not round intermediate calculations and round your final perc2. 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?entage answers to 1 decimal place
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