Required information Use the following information for the Exercises below. (Algo) [The following inrormotion appleses fo the avess?ldens displyyod belowy? 5 men Comparys yeakend balance sheets folaw. For both the cyrrent year and one year agou compute the following ratios: Exercise 17.6 (Algo) Common-size percents LO P2 1. Express the balance shewts in common-size percents. 2. Assuming annual sales have not chasiged in the tost thiee years, is the change in accounts recehable as a percentage of total assets favorable or unfavorable? 3. Assuming annuat saies have not changed in the last three yeacs is the change in merctundrse inventory as a percentage of total assets favorabie of unfavoreble? Complete this questian by entering your answers in the tabs below. Expres the balance whects in connion-s, pe percents. For both the current year and one year ago, 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 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? Complete this question by entering your answers in the tabs below. 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable as a percentage of total assets favorable or unfavonable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise laventory as a percentage of total assets favorable or unfavorable