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Required Information Use the following information for the Exercises below. (Algo) [The...

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Accounting

Required Information
Use the following information for the Exercises below. (Algo)
[The following informotion opplies to the questions clisployed below.]
Simon Company's year-end balance sheets follow.
For both the current year and one year ago, compute the following ratios:
Exerclse 17.6(Algo) Common-s|ze percents LO P2
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?
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.
Req 2 and 3
Express the balance sheets in common-size percents.
Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place.Required information Use the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.] Felix \& Company reports the following information.
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