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For both the current year and one year ago. compute the following ratios: Exercise 17-6...

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Accounting

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For both the current year and one year ago. compute the following ratios: Exercise 17-6 (Algo) Common-size percents LO p2 1. Express the baiance sheets in common-size percents. 2. Assuming annual sales have not chariged in the last three years, is the change in accounts receivable as a percentege 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. Express the bafance sheets in common-size percents, (Da not round intermedite caiculationir and round your final percertaget. answers to 1 decimal piace.)

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