Simon Company's year-end balance sheets follow. current Yr 1 Yr Ago 2 Yrs Ago At December 31 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 value Retained earnings Total liabilities and equity $ 30, 835 86,179 112,732 9,769 270,348 $509,063 $ 34,406 $ 35,473 60,210 47,298 79,563 51,406 9,216 3,982 255,452 231,241 $ 438,847 $ 369, 480 $ 75,648 $ 48,273 $ 122,954 92,833 163,500 129,776 $ 509, 063 100,935 83,270 163,500 163,500 98,764 74,357 $ 438, 847 $ 369, 460 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 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 Reg 1 Reg 2 and 3 Express the balance sheets in common-stre percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Common Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % X Accounts receivable, nel 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 > 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 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? assets favorable or unfavorable? Show less 2 Change in accounts receivable 3. Change in merchandise inventory