Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 Merchandise inventory 62,500 50,200 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 plant assets, net 278,500 255,000 230, 500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 5 51,250 Long-term notes payable 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 131, 100 104,750 79,250 Total Liabilities and equity $ 523,000 $ 445,000 $ 377,500 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 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. Reg 1 Req 2 and 3 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 Complete this question by entering your answers in the tabs below. Reet Rec 2 and 3 Express the balance sheets in common-site percents (Do not round intermediate calculations and round your final percentage answers to 1 decimal place) SIMON COMPANY Common Comparative Balance sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % Accounts receivable, Merchandisinventory Prepaid expenses Plantes, not Total assets Liabilities and Equity Accounts payable Longinem notes payable Common stock, $10 per Retained earnings Totallabies and equity Res 2 and 3) of 12 di Next >