Simon Company's year-end balance sheets follow. At December 31 Assets Cashi Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term 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 Yrs Ago $ 33,312 $ 38,160 $ 39,758 97,515 123,821 10,728 299,241 $ 564,617 $ 143,401 105,087 163,500 68,825 91,8481 52,481 57,027 10,119 4,506 277,787 247,828 $ 486,739 $ 401,600 $ 83,081 $ 51,951 108,591 88,754 152,629 163,500 131,567 163,500 97,395 $ 564,617 $ 486,739 $ 401,600 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. Req 1 Req 2 and 31 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Pray 26 of 32 Next > Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round yo percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 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 % % % % % % % Inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 ige in chandise Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a p assets favorable or unfavorable? Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as total assets favorable or unfavorable? 2. Change in accounts receivable 3. Change in merchandise inventory