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 Current Year 1 Year Ago 2 Years Ago $ 38,281 67,654 $ 32,101 93,977 119,340 10,337 293,819 87,648 9,750 270,438 $ 549,574 $ 473,771 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 81,669 110,057 162,500 119,545 $ 549,574 $ 473,771 $ 132,739 106,420 162,500 147,915 $ 37,925 50,567 56,618 4,171 241,619 $ 390,900 Complete this question by entering your answers in the tabs below. $ 50,567 88,117 163,500 88,716 $ 390,900 1. Express the balance sheets in common-size percents. 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?

Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable 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 ctitering your answers in the tabs below. Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-stze percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable 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 tota ossets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. (Do not round intermedlate calculations and round your final percentage answers to 1 decimal place.) Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)