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simon Companys year-end Dalance sneets tollow. For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in

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simon Companys year-end Dalance sneets tollow. For both the current year and one year ago, compute the following ratios: 1. Express the balance sheets in common-size percents. 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? Required information

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