12 Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Part 3 of 3 Current Yr 1 Yr Ago 2 Yrs Ago 2 points 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,696 72, 867 94,449 8,514 236, 773 $439,299 $ 29,388 $ 30,324 53,019 41,658 69,360 44,813 7,873 3,471 219,066 189,134 $ 378,706 $ 309, 400 eBook $110,479 $ 65,281 $ 41,249 Hint 80,936 162,500 85,384 $ 439,299 87,102 67,010 162,500 162,500 63,823 38,641 $ 378,706 $ 309,400 Print The company's income statements for the Current Year and 1 Year Ago, follow. 1 References For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $571,089 $ 348, 364 177,038 9,709 7,424 542,535 $ 28,554 1 yr ago $450, 660 $ 292,929 114,017 10,365 6,760 424,071 $ 26,589 $ 1.76 $ 1.64 For both the Current Year and 1 Year Ago, compute the following ratios: (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? Complete this question by entering your answers in the tabs below. Required 3A Required 38 Times interest earned. Times Interest Earned 1 Choose Denominator: Choose Numerator: Times Interest Earned Times interest earned times = Current Year: 1 Year Ago: 1 times 12 Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Part 3 of 3 Current Yr 1 yr Ago 2 Yrs Ago 2 points 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,696 72, 867 94,449 8,514 236,773 $ 439,299 $ 29,388 $ 30,324 53,019 41,658 69,360 44,813 7,873 3,471 219,066 189,134 $ 378,706 $ 309,400 eBook $110,479 $ 65,281 $ 41,249 Hint 80,936 162,500 85,384 $ 439,299 87,102 67,010 162,500 162,500 63,823 38,641 $ 378,706 $ 309,400 Print The company's income statements for the Current Year and 1 Year Ago, follow. References For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $571,089 $ 348, 364 177,038 9,709 7,424 542, 535 $ 28,554 1 yr ago $450, 660 $ 292,929 114,017 10, 365 6,760 424,071 $ 26,589 $ 1.76 $ 1.64 For both the Current Year and 1 Year Ago, compute the following ratios: (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? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest earned ! Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,200 89,300 112, 500 11,000 281,000 $524,000 $ 35,000 $ 38,000 62,000 50,500 82,800 54,500 9,200 4,300 259,000 226,000 $448,000 $ 373,300 $129,600 $ 74,250 $ 50,200 96,000 161,000 137,400 $524,000 100,250 81,000 161,000 161,000 112,500 81,100 $448,000 $373,300 The company's income statements for the Current Year and 1 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 Earnings per share Current yr $ 735,000 $ 463,050 235,200 11,900 9,400 719,550 $ 15,450 $ 0.96 1 Yr Ago $620,000 $384,400 148,800 13,000 8,275 554,975 $ 65,025 $ For both the Current Year and 1 Year Ago, compute the following ratios: (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover = times Current Year: 1 Year Ago: times