Use the following information for the Exercises below . (Static) The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,7009,375 5,000 278,500 255,000 230,500 523,000 $ 445,000 $377,500 $ 129,900 98,500 163,500 131,100 $ 523,000 75,250 $ 51,250 101,500 83,500 163,500 163,500 104,750 79,250 $ 445,000 $377,500 Exercise 13-6 (Static) Common -size percents LO P2 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?

Use the following information for the Exercises below. (Static) The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow At December 31 Current yr 1 yr Ago 2 Yrs Ago Assets Cash $ 31,800 $ 35,625 $ 37,860 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,800 Prepaid expenses 10.700 9,375 5,000 Plant assets, net 278,500 255,000 230,509 Totat assets $ 523,000 $445,000 $377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable 98.500 101,500 83,500 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 131, 100 104,250 79,250 Total liabilities and equity $ 523,000 $ 445,000 $377,500 Exercise 13-6 (Static) Common-size percents LO P2 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? 6 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 1 of 2 ts door Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assete Cash Accounts receivable, et Merchandise inventory Prepaid expenses Plant assets.net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock 510 par Retained earnings Totallibilities and equity ences Exercise 13-6 (Static) Common-size percents LO P2 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? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 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? Show less 2. Change in accounts receivable 3. Change in merchandise inventory