[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 Exercise 13-6 (Algo) Common-size percents LO P2 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 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 total assets favorable or untavorable? Complete this question by entering your answers in the tabs below. Express the balance sticets in common size percenta: Notes Do not round intermediato ciculation and tound your final percentage answers to 1 decimal place. Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place