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 $ 36,812 108,868 138,250 12,217 340,510 $ 636,657 $ 44,786 $ 44,392 76,838 58,005 100,520 64,310 11,756 4,932 314,942 276,761 $ 548,842 448,400 $ 163,283 $ 90,899 $ 58,005 122,085 163,500 187, 789 $636,657 126,234 99,096 163,500 163,500 168,209 127.799 $ 548,842 $ 448, 400 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? Req 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and rou 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 notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity % % % % Req 2 and 3 >