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

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Accounting

Required 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 ratlos:
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 recelvable 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.
Req1
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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