Simon Company's year-end balance sheets follow. Current Y 1 Ye Ago 2 yrs ago 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 $ 28, 385 78, 236 99, 381 9,051 256,618 $ 471,671 $ 32,854 $ 32.559 56, 925 45,166 75,976 45,757 8.624 3,618 232, 233 205,100 $ 406,613 $332,200 $ 120,069 $ 67,342 $ 44,289 86,014 163,500 101,188 $ 471, 671 91.651 71,214 103,500 163,500 84.119 53,197 $ 406,613 $332,200 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? Express the balance sheets in common-size percents. (Do not found intermediate calculations and round your final 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 % % % %