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fast response ill give thumbs up! thanks :) Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow.

fast response ill give thumbs up! thanks :)
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Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 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 $ 33,691 98,642 121,518 11,292 317,537 $512,680 $ 39,381 $ 40,636 69,620 55,254 93,857 57,132 10,338 4,560 289,114 248,818 $ 502,310 $ 406,400 $146,538 $ 84,890 $ 53,108 107, 353 162,500 166, 289 $582,680 114,376 88,018 162,500 162,500 140,544 102, 774 $ 502,310 $ 406,400 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 $757,484 $ 462,065 234,820 12,877 9,847 719,609 $ 37,875 $ 2.33 1 Yr Ago $ 597,749 $388,537 151,230 13,748 8,966 562,481 $ 35,268 S 2.17 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: 1 : Debt Ratio Debt ratio % / Current Year: 1 Year Ago: % / Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio 1 / Current Year: 1 Year Ago: / (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: 1 Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: / 1 Year Ago: / = 0 to 1 Times interest earned. Times Interest Eamed Choose Numerator: Choose Denominator - Times Interest Eamed Times interest eamed times times Current Year: 1 Year Ago: 1 1 FBA 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 earned

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