00 8 Part 2 of 2 Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2.5 points Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 25,568 76,350 94,113 8,566 233,139 $ 437,736 $ 29,585 52, 302 69,811 7,845 217,916 $ 377, 359 $ 29,606 40,696 44,216 3,290 190, 492 $ 308,300 cBook Hint $ 111,176 83,117 162,500 80,943 $ 437,736 $ 65,049 88,528 162,500 61,282 $ 377,359 $ 41,916 66,772 162,500 37,112 $ 308,300 Print References The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Year $ 569,057 $ 347,125 176,408 9,674 7,399 540,605 $ 28,452 $ 1.75 1 Year ago $ 449,057 $ 291,987 113, 611 10,328 6,736 422,562 $ 26,495 Earnings per share $ 1.63 For both the current year and one year ago, compute the following ratios: (1) Debt and equity ratios. (2) Debt-to-equity ratio. (3-a) Times interest earned. (3-6) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago