4 Part 3 of 3 125 points Required information Exercise 13-9 Analyzing risk and capital structure LO P3 The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. At December 31 Current Ye 1 YA 2 Yes Ago Assets Cash $ 27,478 $ 32,440 533,461 Accounts receivable, net 12,028 55,00 45,065 Merchandise Inventory 99,129 75,760 47.994 Prepaid expenses 8.672 8,600 3,831 plant assets, net 248,417 229.00 211.M Total assets 1465,724 $ 401,456 5 341,400 Liabilities and Equity Accounts payable $113,646 $ 66,494 44,164 Long-term notes payable secured by mortgages on plant assets 37,556 95,112 74,695 Comon stock, $10 par value 162,500 162,500 162,500 Retained earnings 102,022 27.300 60,041 Total liabilities and equity $465,724 $401,486 $ 341,400 eBook 08 Mint Print References The company's income statements for the Current Year and 1 Year Ago follow For Year Ended December 1 Sales Cost of woods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earnings per share Current $605,441 5369310 107,687 10,292 2021 1 YA 5777 $310,549 120.87 10,989 2162 449,500 20.100 $ 1.75 $10,222 1.6 For both the Current Year and 1 Year Ago compute the following ratios Exercise 13-9 Part 3 (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 38 Times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: 11 1 Current Year: 1 Year Ago: Times Interest Earned Times interest earned times times 1 = Required 38 > Exercise 13-9 Part 3 (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. 5 Required 3A Required 3B Based on times interest eamed, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest eamed