Homework Sayed Help Save & Exit SE Check my w Currently Me Ago12 YA 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 secured by mortgages on plant assets Common stock, sie par value Retained earnings Total Ilabilities and equity 5 30,400 89,915 113,051 10,089 277.149 $ 520,013 5 36,262 536,660 62,833 49,368 81,368 52,097 9,331 3,951 259.000 228.264 $ 449,304 3 370,300 $ 128,336 $ 77,365 $ 50,346 99,832 163,500 126,944 5520,613 106,323 83,473 163,500 163,500 101.617 72.981 $ 446,004 $ 370,00 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total 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? assets favorable or unfavorable