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, Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, het Total assets Liabilities and Equity Accounts payable Long term notes payable Common stock, 510 par value Retained earnings Tatal abilities and equity $ 27,996 81,140 105, 110 9,016 256, 034 $ 479, 296 $ 32, 724 56,689 75,675 8,764 239,334 $413, 186 $ 34,432 46,828 50,869 3,864 211, 807 $ 347,800 $ 118, 151 89, 287 162,500 109,438 $479, 296 $ 69,828 93,132 163,500 86,725 5.413, 186 $ 46,369 74,558 163,500 63,373 $.347.300 For both the current year and one year ago, compute the following ratios: Reg 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2 Years Ago SIMON COMPANY Con i comprave Balance Sheets December 31 Current Year 1 Year Aigo Assets Canh Accounts receivable.net Merchandise inventory Prepad expenses Punt as he Liabilities and Equity ACC Baya Lang.com nors payable Common stack si par Find amings Reg 2 and 3 > assets favorable or urbavorable? Age of totne Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 2. 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? 3. 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? Show less 2. Change in account maniable 3 Change in merchandise