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Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,776 $ 35,516 $ 35,907 Accounts receivable, net 88,061 60,909 47,876 Merchandise inventory 109,613 82,951 50,988 Prepaid expenses 9,785 9,509 3,950 Plant assets, net 277,741 255,060 223,979 Total assets $ 514,976 $ 443,945 $362,700 Liabilities and Equity Accounts payable $ 128, 229 $ 72,776 $ 47,398 Long-term notes payable 99,720 100,065 82,561 Common stock, $10 par value 163,500 163,500 162,500 Retained earnings 123,527 107,604 70,241 Total liabilities and equity $ 514,976 $ 443,945 $ 362,700 For both the current year and one year ago, compute the following ratios: O of 5 Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 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 $ 669,469 $ 528, 295 Cost of goods sold $ 408,376 $ 343,392 Over operating expenses 207,535 133,659 Interest expense 11,381 12,151 Income tax expense 8,703 7,924 Total costs and expenses 635,995 497126 Net Income $ 33,474 $ 31,169 Earnings per share $ 2.06 5 1.92 (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 ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times Interest earned (3-6) 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 2B 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: 0 % 0 % Equity Ratio Denominator: Numerator: Equity Ratio Equity ratio Current Year: 1 Year Ago: 0 % 0 % 1 Required 2A Required information (2-a) Compute debt-to-equity ratio for the current year and one year ago (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest eamed (3-6) 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 28 Required 3A Required 38 Compute debt-to-equity ratio for the current year and one year ago Debt-To-Equity, Ratio Numerator: 1 Denominator Debt-To-Equity Ratio Debt-to-equity ratio Oto 1 0 to 1 1 Current Year: 1 Year Ago rices (1) Debi and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago (2-6) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest eamed. (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 2B Required 3A Required 38 Compute times interest earned for the current year and one year ago Times Interest Eamed Numerator Denominator: 1 Current Year: 1 Year Ago Times Interest Earned Times interest earned o times O times 1 Required 20 Required 30 >