Current Yr 1 Yr Ago 2 Yrs Ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,583 90, 412 111,447 9,750 276,166 $518,358 $ 36, 106 $ 38, 386 61,935 52,195 81,016 55,604 9,103 4,181 258,700 233,534 $ 446,860 $ 383,900 $130, 362 $ 75,519 $ 51,182 98,426 162,500 127,070 $518,358 100,722 83,145 162,500 162,500 108,119 87,073 $ 446,860 $ 383,900 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 Current Yr $673,865 $411,058 208,898 11,456 8,760 640, 172 $ 33,693 1 Yr Ago $ 531,763 $ 345,646 134,536 12,231 7,976 500,389 $ 31,374 Earnings per share $ 2.07 $ 1.93 For both the Current Year and 1 Year Ago. compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: 1 Debt Ratio Debt ratio 0 % 0 % Current Year: / 1 Year Ago: II Equity Ratio Choose Numerator: / Choose Denominator: Equity Ratio Equity ratio 1 Current Year: / II 0 % 1 Year Ago: / = 0 % (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio II Current Year: / II to 1 1 Year Ago: 7 to 1 Required 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned 1 = Times interest earned Current Year: / = = times 1 Year Ago: / II times Required 3A Required 3B Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest earned