Simon Company's year-end balance sheets follow. Current YE 1 Yr 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 $ 32,270 93,528 115,218 10,707 300, 749 $ 552,472 $ 38,864 $ 38,895 66,011 51,860 89,872 57.497 10,202 4,322 271,320 248,326 $ 476,269 $ 400.900 Book Hint $ 134,814 Print rences 105,942 163,500 148,216 $ 552,472 $ 81,294 $ 52,390 109,562 86,827 163,500 163,500 121,933 98,183 $ 476,269 $ 400,900 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? Complete this question by entering your answers in the tabs below. Next > 4 of 13 :