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