Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 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 $ 27,134 79,452 101,935 8,828 256,766 $ 474, 115 $ 32,698 57,793 74,101 8,411 235, 717 $ 408, 720 $ 32,708 45,858 48,849 3,634 209,551 $ 340,600 $ 120,416 90,025 162,500 101, 174 $ 474, 115 $ 69,764 92,125 162,500 84,331 $ 408,720 $ 43,610 77,531 163,500 55,959 $ 340,600 1. Express the balance sheets in common-size percents. 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 tabs below. Req 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.) 2 Years Ago % SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 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 Retained earnings Total liabilities and equity % % Required information [The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 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 $ 27,134 79,452 101,935 8,828 256,766 $ 474, 115 $ 32,698 57,793 74,101 8,411 235, 717 $ 408, 720 $ 32,708 45,858 48,849 3,634 209,551 $ 340,600 $ 120,416 90,025 162,500 101,174 $ 474, 115 $ 69,764 92,125 162,500 84,331 $ 408, 720 $ 43,610 77,531 163,500 55,959 $ 340,600 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the in accounts receivable as a 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 tabs below. Reg 1 Reg 2 and 3 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? Show less A 2. Change in accounts receivable 3. Change in merchandise inventory
