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 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 1 Yr ARO 2 Yrs Ago $ 32,546 $ 37,789 $ 37,45a 90.23 63,538 52,942 114, 343 88,245 53,716 18,411 9.920 288,859 263,513 235,705 $ 537,222 $ 453,185 $ 382,100 $ 132,426 8 76,609 $ 58,942 97,964 104,34 85,972 21,500 163,5 153, see 143,312 118,522 8,681 $ 537,222 $ 453,185 $ 382,120 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, the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming sinual sales have not changes in the last three years, is the change in merchandise Inventory ss 5 percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. R2 and Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) BIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Accetc Cash Accounts receivable net Merchandise inventory Prepaid expenses Plantats, not Totalassos Liabilities and Equity Accounts payable Long term rolos payable secured by mortgages on plantascots Common stock 810 par Retained coming Totalbits and equity Reg Roq 2 and 3 >