Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable Connon stock, $10 par value Retained earnings Total liabilities and equity $ 30,256 90,376 113,631 10,042 278,978 $ 523,283 $ 35, 367 61,892 85,124 9,284 259439 $ 451, 106 $ 37,216 50,113 51,267 4,176 229,428 $ 372,200 es $ 132,90 96,410 162,500 131, 470 $ 523,283 $ 75,475 103,754 162,500 109,37 $ 451,100 $ 49,622 83,079 163,500 75,999 $ 372,200 For both the current year and one year ago, compute the following ratlos: 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 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