Simon Company's year-end balance sheets follow. Currently 1 YA 2 YEW Ago At December 31 Assets Coah Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term noten payable secured by mortgages on plant anseta Common stock, $10 par value Retained earnings Total liabilities and equity $ 25,255 73,651 91,6621 8,349 236, 238 $ 435,060 $30,004 31,879 51,457 40,839 68, 691 45,278 7,876 3,542 212024 194,162 $ 375,052 $ 315,700 $ 110,497 $ 62,116 $ 42,506 82,792 163,500 79.222 $ 435,060 88,850 69,720 163,500 163,500 60,586 39,924 9 375,052 $ 315,700 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? 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 round Intermediate calculations and round your final percentage answers to 1 decimal place) SIMON COMPANY Common-Size Comparative Balance Sheets Reg 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Yoars 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 % % % Reg 2 and 3 > 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? Complete this question by entering your answers in the tabs below. Reg 1 Reg 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 assets favorable or unfavorable? 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
