The following information applies to the questions displayed below. Simon Companys year-end balance sheets follow. 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 totai assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. Note: Do pot round intermediate calculations and round your final percentage answers to 1 decimal place. Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place. 1. Express the balance sheets in common-size percents. 2. Assumino annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorabie or unfavorable? 3. Assuming annual sales have not changed in the last three years; is the change in merchandise inventory as a percentage of tot assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. 2. Assuming annual sales have not changed in the fast three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming anndal sales have not changed in the last three years, is the change in merchandise inventory as a percentage of fotal assets favorable or unfavorable? The following information applies to the questions displayed below. Simon Companys year-end balance sheets follow. 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 totai assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. Note: Do pot round intermediate calculations and round your final percentage answers to 1 decimal place. Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place. 1. Express the balance sheets in common-size percents. 2. Assumino annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorabie or unfavorable? 3. Assuming annual sales have not changed in the last three years; is the change in merchandise inventory as a percentage of tot assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. 2. Assuming annual sales have not changed in the fast three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming anndal sales have not changed in the last three years, is the change in merchandise inventory as a percentage of fotal assets favorable or unfavorable