For both the current year and one year ago, compute the following ratios:

$(1)$ Debt and equity ratios.

$(2)$ Debt$-$to$-$equity ratio.

$(3-$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?Required information

$[$The following information applies to the questions dlsplayed below.$]$

Simon Company's year$-$end balance sheets follow.

The company's Income statements for the current year and one year ago, follow.

For both the current year and one year ago, compute the following ratlos:

$(1)$ Debt and equity ratlos.

$(2)$ Debt$-$to$-$equity ratio.

$(3-$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?

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Compute debt and equity ratio for the current year and one year ago.