Question: For both the current year and one year ago, compute the following ratios: 1. Express the balance streets in common-size percents. 2. Assuming annual sales

 For both the current year and one year ago, compute the

For both the current year and one year ago, compute the following ratios: 1. Express the balance streets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts recelvable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last thee years, is the change in merchandise inventory as a percentage of total assets favorable or unfovorable? Complete this question by entering your answers in the tabs below. Express the balance sheets in common-size peicents

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