Simon Companys year-end balance sheets follow. (1) Express the balance sheets in common-size percents. Round percents to
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Simon Company’s year-end balance sheets follow.
(1) Express the balance sheets in common-size percents. Round percents to one decimal.
(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) Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?
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