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Simon Company's year-end balance sheets follow. 1. Express the balance sheets in common-size percents. (Oo not round intermediate calculations and round your final percentage answers
Simon Company's year-end balance sheets follow. 1. Express the balance sheets in common-size percents. (Oo not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Aswumirg aconual sales have not changed in the last thee yearn, is the change in accounts receivable as a percentage of total assets favorobie of unfavorabie? 3. Astoming anoual sales fiave not changed in the last the years, is the change in mercharise inventory as a percentage of totat aswets toworable or unfavarabie? Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)
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