Required information [The following information applies to the questions displayed beiow] Simon Company's year-end balance sheets follow: For both the current year and one year ago. compute the following ratios: 1. Express the bolonce sheets in common-size percents. 2. Assuming annual sales have not changed in the iost three yeors, is the change in accounts tecelvable os a percentage of total assets fovoroble or unfovorable? 3. Assuming annuol sales have not changed in the last three years, is the change in merchandise inventory as a percentage of totol ossets fovorable or unfavorable