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Required information [The following information applies to the questions displayed below.] Simon Company's yearend balance showro bwiz For both the current year and one year ago, compute the following ratios. The combany's income statements for the current year and one year ago, follow (2-a) Compute debt-to-equity ratio for the current year and one year aga. (1) Debt and equity ratios. (3-a) Times interest eamed. Compute debt and equity ratio for the current year and one year ago. Compute debt-to-equity ratio for the current year and one year ago. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one yea Compute times interest earned for the current vear and one vear ago. Based on times interest earned, is the company more or less ri Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago, follow. (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 (3-a) Times interest eamed (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Yearyer