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.

rcise $13-6($Algo$)$ Common$-$size percents LO P$2$

Express the balance

Exercise $13-6($Algo$)$ Common$-$size percents LO P$2$

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 percentage of total assets favorable or unfavorable?

Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?

Complete this question by entering your answers in the tabs below.

Req $1$

Req $2$ and $3$

Express the balance sheets in common$-$size percents.

Note: Do not round intermediate calculations and round your final percentage answers to $1$

$\backslash$table$[[$SIMON COMPANY,,$],[$Common$-$Size Comparative Balance Sheets,,$],[$December $31,,,],[$Assets$,$Current Year,$1$ Year Ago,$2$ Years Ago,,,$],[$Cash$,,,,,,],[$Accounts receivable, net,,$\%,,\%,,\%.$

Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?

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 percentage of total assets favorable or unfavorable?

Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?

Complete this question by entering your answers in the tabs below.

Req $1$

Express the balance sheets in common$-$size percents.

Note: Do not round intermediate calculations and round your final percentage answers to $1$

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.

$\backslash$table$[[$At December $31,$Current Year,$1$ Year Ago $2,$Years$],[$Assets$],[$Cash$,$$ $27,587,$$ $32,569,$$ $32,$ s$],[$Accounts receivable, net,$79,955,55,867,43,e$