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Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- Exercise 17-6 cents. Round percents to one decimal. (2) Assuming annual

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Simon Company's year-end balance sheets follow. (1) Express the balance sheets in common-size per- Exercise 17-6 cents. Round percents to one decimal. (2) Assuming annual sales have not changed in the last three years, Common-size percents is the change in accounts receivable as a percentage of total assets favorable or unfavorable? (3) Is the P2

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