Required Information

Use the following Information for the Exercises below. $($Algo$)$

$[$The following infometion applies to the questions alsplayed below.$]$

Siman Company's year$-$end bolance sheets follow.

For both the current year snd one year sgo, compute the following rstios:

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

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

$2$ Assuming snnual soles hsve not changed in the last three years, is the change in occounts recelvable sa opercentage of total

asets fovorable or unfovoroble?

Asauming snnual sales hsve not changed in the last three years, is the change in merchandise linventory as a percentege af tots$|$

asets favorable or unfovoreble?

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

$\underset{?}{lim}1$

Bouc $2$ and $3$

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

Note: Do not round intermediate calculatians and round your final perbertaqe answers to $1$ desimal place.