Sewe 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 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Year 1 Year Ago 2 Years Apa $25,747 $30,717 $ 31,357 79,248 53,755 43,942 $4,793 71,033 45,194 0,633 8,388 3,528 Plant assets, net 241,481 224,027 198,457 Total assets $449,894 $ 387,648 $323,200 Liabilities and Equity Accounts payable 5109,783 $65,545 $41,009 Long-term notes payable 87,117 98,907 Common stock, $10 par value 162,500 163,500 73,570 162,500 Retained earnings 90,494 67,808 45,321 Total liabilities and equity $449,894 $387,048 $323,200 For both the current year and one year ago, compute the following ratios: Exercise 13-6 (Algo) Common-size percents LO P2 Express the balance sheets in common-size percents Assuming annual sales have not changed in the last three years, is the change in accounts receiva assets favorable or unfavorable 3. Assuming annual sales have not changed in the last three years, is the change in merchandise ine assets favorable or unfavorable? Camalets this question by entering your answers in the tabs below. 92 62 8: P Prov 1 of Next $ % 85 54 #3 W S E LLI 66 81 & 7 8 R T Y U D F G H J = Required information Express the balance sheets in common-size percents. (Do not round intermediate calculation answers to 1 decimal place.) Assets Cash SIMON COMPANY Common-Size Comparative Balance Sheets December 21 Current Year 1 Year Ago 2 Years Ago Accounts receivable, net % % % Merchandise inventory Prepaid expenses Plant assets, het Total asse Labilities and Equity Accounts payable Long term notes payable Common stock $10 par Retained eamings Total abilities and equity % He 2 and 3> 2 M S B " #3 E LL D 54 a 24 % 95 41 Prev Next 66 8 = &7 R T YU 8 LL F GH J