Required information Use the following information for the Exercises below. (Algo) The following information opplies to the questions disployed below] Simon Company's year-end balance sheets follow. For both the current year and one year apo, compute the following ratios: Exercise 17.6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common size percents. 2. Assuming annual soles have not changed in the last three years, is the change in accounts receivable as a percentage ef total assets fovorable or unfavorable? 3. Assuming annual soles hove not changed in the last three years, is the change in merchandise inversory as a percentage of tctal assets fovorable or unfavorable? Required information Note: Do not round intermediate calculations and round vour final nerrantana answers to 1 decimal place