help plz
Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,074 74,089 95,016 7,985 230,104 $ 433,268 $ 29,582 53,337 70,481 7,687 212,420 $ 373,507 $ 31,126 40,671 43,305 3,389 195,909 $ 314,400 $ 110,041 82,269 163,500 77, 458 $ 433,268 $ 61,860 87,625 162,500 61,522 $ 373,507 $ 41,501 67,398 163,500 42,001 $ 314,400 For both the current year and one year ago, compute the following ratios: Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 Exercise 17-9 (Algo) Analyzing risk and capital structure LOP3 The company's income statements for the current year and one year ago, follow, For Year Ended December 31 Current Year 1 year ago Sales $ 563,248 $ 444,473 Cost of goods sold $ 343,581 $ 288,907 Other operating expenses 174,607 112, 452 Interest expense 9,575 10,223 Income tax expense 7,322 6,667 Total costs and expenses 535,085 418,249 Net income $ 28,163 $ 26,224 Earnings per share $ 1.73 $1.61 (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 ratlo, 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. Required 1 Required 2A Required 20 Required 3A Required 38 Compute debt and equity ratin for the current wear and one on Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3A Required 38 Compute debt and equity ratio for the current year and one year ago Debt Ratio Numerator: Denominator: Debt Ratio Debt ratio % % Current Year 1 Year Ago Equity Ratio Numerator: Denominator: Current Year: 1 Year Ago: Equity Ratio - Equity ratio % % Roquired 1 Required 2A > Required 1 Required 2A Required 2B Required 3A Required 3B Compute debt-to-equity ratio for the current year and one year ago. Numerator: Debt-To-Equity Ratio Denominator: 1 Debt-To-Equity Ratio Debt-to-equity ratio to 1 1 = Current Year: 1 Year Ago: 1 to 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago Required 1 Required 2A Required 28 Required 3A Required 3B Compute times interest earned for the current year and one year ago Times Interest Earned Numerator: 1 Current Year: 1 1 Year Ago: 1 Denominator Times Interest Earned Times interest earned times times
