Current Yri 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 $ 33,705 95,735 125,281 10,746 305,810 $571,277 $ 38,216 $ 40,630 70,326 53,631 93,842 57,694 10,342 4,514 279,754 253,931 $ 492,480 $ 410,400 $ 142, 248 $ 85,726 $ 53,089 107,400 162,500 159, 129 $571,277 115,536 87,977 162,500 162,500 128,718 106,834 $ 492,480 $ 410,400 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 Earnings per share Current Yr $ 742,660 $ 453,023 230,225 12,625 9,655 705,528 $ 37,132 1 Yr Ago $ 586,051 $380,933 148,271 13,479 8,791 551,474 $ 34,577 $ 2.13 $ 2.29 For both the Current Year and 1 Year Ago, compute the following ratios: (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 3B Times interest earned. Times Interest Earned 1 Choose Denominator: Choose Numerator: Times Interest Earned Times interest earned Current Year: 1 Year Ago: times times Times interest earned less risky more risky