Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. 1. Express the alance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable 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 tota assets favorable or unfavorable