Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Nerchandise inventory Prepaid expenses Plant assets, net Total assets Current Year 1. Express the balance she $ 33,869 100,201 122,245 10,913 312,935 $ 580,186 1 Year Ago $ 39,213 70,022 Liabilities and Equity Accounts payable Long-term nates payable Common stack, $10 par value Retained earnings Tatal liabilities and equity For both the current year and one year ago, compute the following ratios $ 144,466 106,893 162,500 327 $ 580,186 92,530 10,713 287,682 1 500,160 $ 85,372 116,167 163,500 135,101 $500,160 2 Years Ago $ 40,851 $5,016 60,369 4,539 256,023 $416,500 $ 55,568 90,271 162.500 109,461 $426,800 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 favourable or unfavourable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favourable or unfavourable?