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Requlred Information [The following information applies to the questions displayed below.] Simon...

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Accounting

Requlred Information
[The following information applies to the questions displayed below.]
Simon Company's year-end balance sheets follow.
For both the current year and one year ago, compute the following ratios:
Express the balance sheets in common-size percents.
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.
Express the balance sheets in common-size percents.
Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place.
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