Simon Company's year-end balance sheets follow. Current Yr 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 $ 34,366 1ee, 620 127,788 11,486 320, 184 $ 594,364 $ 40,171 $ 43,134 73,886 57,512 97,635 68,013 10,760 4,889 289,931 270,152 $ 512,383 $ 435, 780 11 $ 146,517 $ 88,325 $ 56,362 at ces 109,506 163,5ee 174,841 $ 594,364 117,848 94, 364 163,500 163,500 142,719 121,474 $ 512,383 $ 435,700 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and roun answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory aceste favorable or infanrahla? Prev 1 of BG Next Saved * 13-6 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 146,5170 % % % % % % Prev 1 of 1 HA Ne search o