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Express the balance sheets in common-size percents Simon Company's year-end balance sheets follow. For...

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Accounting

Express the balance sheets in common-size percents Simon Company's year-end balance sheets follow.
For both the current year and one year ago, compute the following ratios:
Exercise 17-6(Algo) Common-size percents LO P2
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 favorableor unfavorable?
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.
Reg 1
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.
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