At December 31 Assets Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago Cash $ 28,918 $ 33,802 $ 36,648 Accounts receivable, net Merchandise inventory 81,323 106,421 56,811 46,018 75,845 50,014 Prepaid expenses 9,405 8,609 3,874 Plant assets, net 259,210 243,275 222,846 Total assets $485,277 $418,342 $359,400 Liabilities and Equity Accounts payable $123,251 $ 68,579 $ 47,915 Long-term notes payable secured by mortgages on plant assets 92,144 98,143 78,633 Common stock, $10 par 162,500 value 162,500 162,500 Retained earnings 107,382 89,120 70,352 Total liabilities and equity $485,277 $418,342 $359,400 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended Current Yr December 31 Sales 1 Yr Ago $630,860 $497,827 Cost of goods sold $384,825 $323,588 Other operating 195,567 expenses Interest expense 10,725 Income tax expense 8,201 125,950 11,450 7,467 Total costs and 599,318 468,455 expenses Net income $ 31,542 $ 29,372 Earnings per share $ 1.94 $ 1.81 The company's Income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr 1 Yr Ago $630,860 $497,827 Cost of goods sold $384,825 $323,588 Other operating 195,567 125,950 expenses Interest expense 10,725 Income tax expense 8,201 11,450 7,467 Total costs and 599,318 468,455 expenses Net income $ 31,542 $ 29,372 Earnings per share $ 1.94 $ 1.81 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Debt Ratio Choose Numerator Choose Denominator: Debt Ratio NO Debt ratio Equity Ratio Choose Numerator: Choose Denominator: % Equity Ratio Equity ratio = % BO % (2) Debt-to-equity ratio. Current Year: 1 Year Ago: Debt-To-Equity Ratio Choose Numerator: / Choose Denominator: -Debt-To-Equity Ratio Debt-to-equity ratio to 1 0 to 1 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 Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest wamed