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(Solved): 1.) Express the balance sheets in common size precents2.)assuming annual sales have not changed in t ...
1.) Express the balance sheets in common size precents
2.)assuming annual sales have not changed in the last 3 years, is thr chnage in accounts recievable as a prectange total assests faborable or unfavorable
3.)Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a precentage of total assests favorable or unfavorable
![[The following information applies to the questions displayed below.]
Simon Companys year-end balance sheets follow.
For bot](https://media.cheggcdn.com/study/faf/faf99a0e-2340-46b3-affc-9ee9614d7141/image)
[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 ratios: 1. Express the balence sheets in common-size percents. 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.
Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)
1. 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? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of tota assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. 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?