Required information Use the following information for the Exercises below. (Static) [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: Exercise 13.6 (Static) Common-size percents LO P2 1. Express the balance sheets in cominonsize percents 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of totat assets favorable or unfayorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as at percentoge of total assets favorable or unfavarable? Complete this question to entering your answers in the tabs below. Fapress the balance whinets in common:size percents, (Do not pound intecmindiate calculuticins and round your final percentage Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percen answers to 1 decimal place.) For both the current year and one year ago, compute the following ratios: xercise 13-6 (Static) Common-size percents LO P2 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 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 assets favorable or unfavorable? 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 accounte recelvable as a percentage of total assets favorable or unfavorable? 3. Assuming annual gales have not changed in the last three years, is the change in merchandige inventory as a percontage of total assets favorable or unfavorable