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Use the following Informatlon for the Exerclses below. $($Algo$)$

$[$The following information applles to the questions allsplayed below.$]$

Simon Company's year$-$end balance sheets follow.

For both the current year and one year ago, compute the following ratios:

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

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?

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 $2$ and $3$

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

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