HURRY

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 $ 32,083 97,730 121,684 10,859 292,517 $554,873 $ 37,119 $ 39,463 65, 628 52, 101 88,493 56,049 9,844 4,428 277,255 238, 759 $ 478,339 $ 390,800 $138,163 $ 78,414 $ 53,133 106,402 162,500 147,808 $554,873 107,818 87,230 162,500 162,500 129,607 87,937 $ 478,339 $ 390,800 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $721,335 $ 569,223 Cost of goods sold $440,014 $369,995 Other operating expenses 223,614 144,013 Interest expense 12, 263 13,092 Income tax expense 9,377 8,538 Total costs and expenses 685,268 535,638 Net income $ 36,067 $ 33,585 Earnings per share $ 2.22 $ 2.07 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: V / = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 11 Current Year: 1 Year Ago: 11 0 to 1 Required 3A Required 3B Times interest earned. Choose Numerator: Times Interest Earned 1 Choose Donominator: 1 7 Times Interest Earned Times Interest earned times Current Year: 1 Year Ago: 1 times Roqulrod 3A Required 3B > 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