Exercise $13-6$ Common$-$size percents P$2$ Simon Company$$s year$-$end balance

Yellow highlight $|$ Location: $18,057$

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?