Required Information Use the following Information for the Exerclses below. (Algo) [The following information applles to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the followng ratlos: Exerclse 13.6 (Algo) Common-slze percents LOP2 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 recelvable 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. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)