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 Current Year 1 Year Ago $ 26,122 74,974 95,190 $30,238 51,360 69,239 2 Years Ago $ 30,571 40,354 43,850 3,397 8,249 225,315 $429,850 $ 110,244 80,812 162,500 7,704 212,019 $ 370,560 $ 62,625 86,933 190,628 $308,800 $ 41,577 68,927 162,500 162,500 76,294 $429,850 58,502 35,796 $370,560 $308,800 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Current Year 1 Year Ago $558,805 $ 440,966 Cost of goods sold Interest expense $340,871 Other operating expenses 173,230 Income tax expense 9,500 7,264 $ 286,628 111,564 10,142 6,614 Total costs and expenses: Net income 530,865 $27,940 Earnings per share $1.72 414,948 $ 26,018 $1.60 Exercise 13-9 (Algo) Part 3 [Alternate Version] (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? Complete this question by entering your answers in the tabs below. Required 3A Required 38 Compute times interest eamed for the current year and one year ago. Current Year: 1 Year Ago: Times Interest Earned Numerator: Denominator: = Times Interest Earned Times interest earned times " times < Prev 6 Next >