ACCOUNTING QUESTIONS: PLEASE ANSWER IN CHART FORMAT. Picture is attached for reference.

Exercise $13-6($Algo$)$ Common$-$size percents LO P$2$

At December $31$ Current Year $1$ Year Ago $2$ Years Ago

Assets

Cash $ $29,051$ $ $32,640$ $ $34,343$

Accounts receivable, net $82,56555,96545,333$

Merchandise inventory $104,83877,76650,245$

Prepaid expenses $9,1748,7413,740$

Plant assets, net $252,428237,005213,239$

Total assets $ $478,056$ $ $412,117$ $ $346,900$

Liabilities and Equity

Accounts payable $ $120,226$ $ $69,648$ $ $44,875$

Long$-$term notes payable $91,67295,73578,198$

Common stock, $$10$ par value $162,500162,500163,500$

Retained earnings $103,65884,23460,327$

Total liabilities and equity $ $478,056$ $ $412,117$ $ $346,900$

For both the current year and one year ago, compute the following ratios:

$1.$ 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?