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[The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute
[The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Express the balance sheets in common-size percents. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of al assets favourable or unfavourable? Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage otal assets favourable or unfavourable? Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your fina) percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable 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
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