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Use the following information for the Exercises below. (Algo) (The following information applios to the guestionis disployed below) Siman Compeny's year-ond balance sheuts follow For

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Use the following information for the Exercises below. (Algo) (The following information applios to the guestionis disployed below) Siman Compeny's year-ond balance sheuts follow For both the curent year and one year ago, conpute the following ratios Exercise 13-6 (Algo) Common-size percents LO P2 1. Fxpress the bulance sheets in common-size percents. 2. Assuming ounual sales have not changed in the last three years. is the change in accounts receivable as a percentage of tolal assets favarable or untavorable? 3. Assuming annual sales hive not changed in the last three years, 15 the change in merchandise inventofy as a percentage of total assits favorable or unfavorable? Conplete this question by entering your answers in the tatis below. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your finul percentign? anhwers to 1 decimal place

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