Simon Company's year end balance sheets follow.

Simon Company's year-end balance sheets follow. Current Yr 1 Y YA At December 11 Assets Cash Accounts receivable, het Herchandise Crventory Prepaid expenses plant assets, net Total assets Libilities and Equity Accounts payable Long term notes payable secured by mortgages on plant assets Common stock, 510 par value Retained earnings Total Bibilities and equity $25.943 75,184 90,786 3,106 235, 325 5.435, 322 29.422 5 30,657 50.963 40,876 68,035 43, 102 7.802 3,305 219.052 113.60 $375,278 $ 106,600 5. 110,565 565,325 5 41,281 82.659 163,500 78.500 5.435,322 87.177 69,114 163,500 163,500 59.276 32.703 $175,2705 306,00 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 sets favorable or unfavorable? Crni - 33 33 points Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 dedmal place.) 6500k Punt References SOMON COMPANY Common Stre Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, not Merchandise inventory Prepaid expenses Plantas.net Totalsts Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock 510 par Retained samnings Totaltabilities and equity