Simon Company's year-end balance sheets follow Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, nel Merchandise inventory Prepaid expenses Plant assets, nel Total assets Liabilities and Equity Accounts payable Long term notes payable Common stock 510 par value Retained earnings Total liabilities and equity $ 33,232 97,261 119.913 10,702 29000 $ 552 212 $ 35,941 67,979 36 307 90.297 274521 $ 476,045 $ 40,077 52.365 56.332 4.453 250773 $ 404,800 5138,376 105,892 162.500 144966 5552.212 579.647 109.490 152 500 12440B $ 476,045 553,96a 87672 162,500 100,660 $ 404.800 5. Award: 10.00 points 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 Reg 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 Common-SizeComparative 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 Common stock 510 par Retained earings Totalbies and equity Reg 2 and 3 > 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 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? Show less 2. Change in accounts receivable 3. Change in merchandise inventory