Simon Company's year-end balance sheets follow Current Yr 1 YA 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plont assetnet Total sets Liabilities and Equity Accounts payable Long term notes payable secured by mortgages on plant assets Common stock, 510 par value twined ning Total liabilities and equity $ 29,123 84,489 207,189 9,379 262,518 $493,618 $ 34,043 35,106 57,787 45.882 79,511 50355 8,668 3,785 245.524 215,922 $ 425,533 5 351,200 $ 121,652 5 70,477 $ 47,272 92,800 165,500 115,636 $493,618 98,851 79,145 163,500 163,500 92,285 61,18 5 425,533 5351, 100 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, 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 as the change in merchandise Inventory as a percentage of total assets favorable or unfavorable? Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2 Years Ago % SIMON COMPANY Common Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash % % Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets.net Total assets % Liabilities and Equity Accounts payable Long-term notos payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total abilities and equity %