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Required information [The following information apples to the questions displayed below] Simon Companys year-end balance sheets follow For both the curent year and one year
Required information [The following information apples to the questions displayed below] Simon Companys year-end balance sheets follow For both the curent year and one year ago, compute the following ratios: 1. Express the balorice sheets in common-sute percents 2. Assuming annual sales have not changed in the last three yeaks, is the change in accounts recelyable as a percentage of total ascees tavoroble or unfavorable? 3. Assuming antrual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of tota! assets tavorable or unilavorable? Complete this question by entering your answers in the tabs below. Evpress the balance sheets in common size percents
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