Compute times interest earned for the current year and one year ago. Complete this question by entering your answers in the tabs below. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago, follow. (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (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. Compute debt and equity ratio for the current year and one year ago. Cenpute daye' rales uncollected. Complete this question by entering your answers in the tabs below. Delermine if days: sales uncollected improved or worsened in the current year: Day'sales uncellected Complete this question by entering your answers in the tabs below. Compute accounts receivable turr k icer, Note: Round your ansmers to the hearest whole number - Complete this question by entering your answers in the tabs below. Determine if accounts recelvable turnover ratio improved or worsened in the current year. Complete this question by entering your answers in the tabs below. Compute debt and equity ratio for the current year and one year ago. Coroqute inventery tumover Nits: found your answen to the nearest wheie number: Complete this question by entering your answers in the tabs below. Determine if ifventory turnover ratio improved or worsened in the curthnt yeaz, Inventory simover Compute dav's sales in inventory. Complete this question by entering your answers in the tabs below. For each ratio, determine if days' sales in inventory improved or worsened in the comenc year Otys: sales in inventory Complete this question by entering your answers in the tabs below. Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts recelvable turnover. (2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year, (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year: Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute debt-to-equity ratio for the current year and one year ago
