Required information Use the following information for the Exercises below. (Algo) [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: ixercise 13-6 (Algo) Common-size percents LO P2 . Express the balance sheets in common-size percents. - Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a iercentage of total assets favorable or unfavorable? i. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a rercentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. SIMON COMPANY Common-Size Comparative Balance Sheets December 31