Required information Exercise 13-9 Risk and capital structure analysis LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 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 $ 26,975 $ 31,225 $ 31,569 74,385 53,036 42,942 97.34369,375 46,196 8,518 8,036 3,543 236,659 220,983 197,850 $443,880 $382,655 $ 322,100 $108,316 $ 64,669 $ 43,368 83,449 88,011 69,049 162,500 162,500 162,500 89,61567, 475 47,183 $443,882 $382,655 $ 322,100 The company's income statements for the years ended December 31, 2017 and 2016. follow Earnings per share $ 1.78 1.65 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. Exercise 13-9 Part 3 (3) Times interest earned. Times Interest Earned 1 Choose Denominator: Choose Numerator: - Times Interest Earned Times Interest earned ROLLA 2017 O times 5 0 times search O 9 00