Simon Company's year-end balance sheets follow.

At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,441 $ 34,070 $ 36,206 Accounts receivable, net 85,330 60,827 47,797 Merchandise inventory 105,140 81,174 52,447 Prepaid expenses 9,197 9,214 4,103 Plant assets, net 269,895 244,890 221,547 Total assets $ 499,003 $ 430,175 $ 362,100 Liabilities and Equity Accounts payable $ 123,009 $ 74,154 $ 48,275 Long-term notes payable 92,874 101,908 79,224 Common stock, $10 par value 162,500 163,500 163,500 Retained earnings 120,620 90,613 71,101 Total liabilities and equity $ 499,003 $ 430,175 $ 362,100

For both the current year and one year ago, compute the following ratios:

Exercise 13-6 (Algo) Common-size percents LO P2 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 i