need a little help
Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 30,573 $ 35,376 $ 36, 121 Accounts receivable, net 91, 296 61,908 50, 618 Merchandise inventory 114,787 81, 808 52, 867 Prepaid expenses 10,243 9, 665 4, 218 Plant assets, net 276,525 262, 471 228, 476 Total assets $523, 424 $ 451, 228 $ 372, 300 Liabilities and Equity Accounts payable $134, 243 $ 73, 970 $ 49, 144 Long-term notes payable secured by mortgages on plant assets 96, 436 100, 669 80, 633 Common stock, $10 par value 162,500 162 , 500 162, 500 Retained earnings 130, 245 114, 089 80, 023 Total liabilities and equity $523, 424 $ 451, 228 $ 372, 300 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 $680, 451 $ 536, 961 Cost of goods sold $415, 075 $349, 025 Other operating expenses 210,940 135 , 851 Interest expense 11, 568 12 , 350 Income tax expense 8, 846 8, 054 Total costs and expenses 646, 429 505, 280 Net income $ 34, 022 $ 31, 681 Earnings per share $ 2.09 1.95For both the Current Year and 1 Year Ago, compute the following ratios: (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 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: S Times Interest Earned Times interest earned Current Year: times 1 Year Ago: times For both the Current Year and 1 Year Ago. compute the following ratios: {3-3} Times interest earned. 13-h] Based on times interest earned, is the company more or less risky for creditors in the Current Year versus'l Year Ago? Complete this question by entering your answers In the tabs below. Based on times Interest earned, is the company more or less risky for creditors In the Current Year versus 1 Year Ago? ( Required 3A