11 Part 3 of 3 Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2.14 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 $ 28,547 79,493 104,027 8, 923 253, 368 $ 474,358 $ 33, 696 55,533 76,40B 8,673 234,619 $ 408,929 $ 33,069 44,982 46,953 3,674 208, 722 $ 337,400 eBook Hint $ 118, 115 B6,504 162,500 107,239 $ 474,358 $ 68, 418 92, 173 162,500 85,838 $ 408,929 $ 44,982 73,820 162,500 56,098 $ 337,400 Print References The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 616,665 $ 486,626 Cost of goods sold $ 376,166 $ 316, 307 Other operating expenses 191,166 123, 116 Interest expense 10,483 11,192 Income tax expense 8,017 7,299 Total costs and expenses 585, B32 457,914 Net income $ 30,833 $ 28,712 Earnings per share $ 1.90 $ 1.77 For both the current year and one year ago, compute the following ratios: (3-a) Compute times interest earned for the current year and one year ago. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago