1 18 points eBook Hint Ask Print References ! Required information 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. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year $ 27,228 80,494 100,214 8,505 245,055 $ 461,496 $ 117,211 86,761 162,500 95,024 $ 461,496 1 Year Ago Exercise 13-6 (Algo) Common-size percents LO P2 $ 31,509) 56,812 75,809 8,104 225,607 $ 397,841 $ 68,580 89,673 162,500 77,088 $ 397,841 For both the current year and one year ago, compute the following ratios: 2 Years Ago $ 32,822 45,102 47,558 3,647 209,171 $ 338,300 Complete this question by entering your answers in the tabs below. $ 45,549 74,017 162,500 56,234 $ 338,300 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?

Required information Use the following information for the Exercises below. (Algo) [The following information appites ro the qivestions dispiayed below? Simon Companys year-end balance sheets follow. For both the current year and one year apo, compute the following ratios: Exercise 13-6 (Algo) Common-size percents LO P2 1. Express the baiance 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 totat assots favorabie or unfoworoble? 3. Assuming annual sales have not changed in the last three years, is the change in merchandse inventory as a percentage of totat assets favorable of unfaverable