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 $ 32,449 94,048 115,906 10,139 292,000 $ 544,542 $ 38,306 $ 37,600 63,749 51,136 85,977 55,550 9,760 4,094 271,641 231,420 $ 469,433 $ 379,800 $ 135,591 $ 80,128 $ 51,136 100,326 163,500 145.125 $ 544,542 109,049 82,257 163,500 163,500 116,756 82,907 $ 469,433 $ 379,800 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 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 mind intermedia percentage answers to 1 decimal place.) X 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 X 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 > Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total 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