Question: Exercise 1 3 - 6 ( Algo ) Common - size percents LO P 2 Express the balance sheets in common - size percents. Assuming

Exercise 13-6(Algo) Common-size percents LO P2
Express the balance sheets in common-size percents.
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?
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?
Exercise 13-6(Algo) Common-size percents LO P2 Express the balance sheets in

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