Simon Company's year end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yes Ago $ 38,353 $ 43,943 $ 45,774 110,058 79,231 60,440 134,226 103,672 62,469 12, 106 11,382 5,037 348,871 316,692 275, 180 5643,614 $ 554,840 $ 448,980 $ 157,055 119,789 163,500 283,270 $ 643,614 $ 96,581 $ 58,662 127,613 101,191 163,500 163,500 167, 146 125,547 5.554,840 5 448,900 1. Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total 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. Reg 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal nacel 6 of 7 Next > Prey Reg 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not found intermediate calculations and round your final percentage answers to I decimal place.) SIMON COMPANY Common Se Comparative Balance sheets December 31 Current Year Year Ago 2 Years Age Assets Cash 0 % Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, not Total assets X Liabilities and Equity Accounts payable % Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity Reg 2 and 3 > 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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. Reg 1 Reg 2 and 3 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? 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? Show less 2. Change in accounts receivable 3. Change in merchandise inventory
