Line 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 $ 34,328 102,507 122,565 11,501 316,801 $587, 702 $ 39,721 $ 42,634 68,802 55,730 95,603 59,952 10,852 4,784 291,662 259,100 $ 506,640 $ 422,200 $143, 411 $ 83,053 $ 57,402 110,488 162,500 171,303 $587,702 117,692 96,105 162,500 162,500 143,395 106,193 $ 506,640 $ 422,200 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 Current Yr $764,013 $466,048 236,844 12,988 9,932 725, 812 $ 38,201 $ 2.35 1 Yr Ago $ 602,902 $391,886 152,534 13,867 9,044 567,331 $ 35, 571 Earnings per share $ 2.19 Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: 1 Current Year: Debt Ratio Debt ratio % % 1 1 Year Ago: Equity Ratio 7 Choose Numerator: Choose Donominator: = Equity Ratio Equity ratio = Current Year: 11 1 Year Ago: H1 % 3 Exercise 13-9 Part 2 (2) Debt-to-equity ratio. d Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: 1 1 1 = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: 1 Year Ago: = oto 14 ces Required 3A Required 3B Times interest earned Times Interest Earned Choose Numerator: Choose Dengninator: Times Interest Earned Times interest earned times 1 1 / Current Year: 1 Year Ago: times Complete this question by entering your answers in the tabs below. Required 3A Required B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus Times interest eamed