Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Req 1 Current Year $ 34,523 99,068 122,068 11,118 312,568 $ 579,345 $ 148,585 108,917 162,500 159,343 $ 579,345 Req 2 and 3 1 Year Ago For both the current year and one year ago, compute the following ratios: $ 39,555 69,921 92,395 10,593 286,971 $ 499,435 $ 86,093 117,167 162,500 133,675 $ 499,435 ress the balance sheets in common-size percents. omplete this question by entering your answers in the tabs below. 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? 2 Years Ago 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? $ 41,203 55,493 59,100 4,578 260,026 $ 420,400 $ 54,938 91,050 162,500 111,912 $420,400 id your final norantaan anakwam to 1 don

Required information [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: 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? mplete this question by entering your answers in the tabs below. ress the balance sheets in common-size percents. 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 tabs below. Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to Complete this question by entering your answers in the tabs below. 2. Assuming annual sales have not changed in the last three years, is the change in accol total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merc total assets favorable or unfavorable