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 $ 27,016 75,998 98,448 8,359 239,899 $ 448,928 $ 31,889 $ 31,608 $ 54,722 42,57 78,163 45,795 8,290 3,618 221,936 198,969 $ 387,800 $ 322,568 $ 112,899 $ 66,711 $ 42,570 84,397 163,500 88,124 $ 448,920 87,230 69,847 163,500 163,500 69,559 46,583 $ 387,600 $ 322,500 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 merchandisc 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 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-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets % % % % yu 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 stack, $10 par Retained earnings Total liabilities and equity % % %u %