Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 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?

SIMON COMPANY'S YEAR END BALANCE SHEET

AT DECEMBER 31                Current    1 yr ago    2 yrs ago

cash                   6.1%  8.1%9.90%

Accounts receivables  16.6%14.1%13.2%

inventory           21.5%18.9%14.6%

prepaid expense  1.8%         2.1%  1.1%

plant asset           54.0%56.8%61.2%

Total Asset         100.0%100.0% 100.0%

Liabilities and Equity      

Accounts payable  24.4%17.1%13.2%

Notes payable  18.6%23.0%22.5%

common stock  28.5%33.1%40.5%

Retained earnings  28.5%26.9%23.8%

total                    100.0%100.0%100.0%

2) The change in % of accounts receivables is unfavorable because this means that our Debtors are not paying instead are continuing to buy on credit and that our collection methods are weak and ineffective.

3) The % change in inventory is unfavorable because it means we are selling less stock as years goes by and that we are buying more than we are selling.

Explanation:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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