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Simon Company's year-end balance sheets follow. 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, $10 par value Retained earnings Total liabilities and equity Current Yr $ 24,079 68,380 90,406 7,754 221,630 $ 412,249 1 Yr Ago 2 Yrs Ago $ 27,862 $ 29,020 48,759 40,688 65,089 42,054 7,538 3,357 206,139 187,081 $ 355,387 $302,200 $ 105,730 75,178 163,500 67,841 $ 412,249 $ 58,859 $ 40,289 81,739 68,790 163,500 163,500 51,289 29,621 $ 355,387 $ 302,200 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 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 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-se Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % % Aro net JUI 102,200 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 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 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-stre Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash Accounts receivable, et Merchandise inventory Prepaid expenses Piant assets, nat Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant annet Common stock, 510 par Retained earning Total abilities and equity Rand

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