19 Required information [The following Information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Part 3 of 3 At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash Accounts receivable, net 0.5 points eBook Plant assets, net Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Merchandise inventory Prepaid expenses Total assets $ 30,696 92,634 113,011 10, 191 289,826 $ 536, 358 S 36,620 66,675 $ 37, 391 49, 854 84, 685 53, 090 9,516 264, 882 $ 462,378 4, 113 237,052 $ 381,500 $133, 553 S 78, 142 $ 50,862 98,819 104, 220 84, 312 Retained earnings Hint Total liabilities and equity 162,500 141,486 162,500 117,516 162, 500 83, 826 $ 536, 358 $ 462, 378 $ 381,500 Print References 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 $ 697,265 $ 425, 332 216, 152 11, 854 9,064 $ 34,863 662, 402 1 Yr Ago $357,650 139, 208 12,655 8, 253 $ 550, 230 517, 766 $ 32, 464 $ 2.15 $ 2.00 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Times Interest earned. (3-b) 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 Times interest earned. Current Year: 1 Year Ago: Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned = Times interest earned = times = times Required 34 Required 3R