! Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 29,614 51,316 $ 24,838 70,548 88,700 8,159 228,735 67,139 7,697 207,148 $ 362,914 $ 420,980 $ 104,824 Long-term notes payable Common stock, $10 par value Retained earnings 78,353 162,500 75,303 $ 61,946 83,470 162,500 54,998 Total liabilities and equity $ 420,980 $ 362,914 $ 30,551 39,920 44,698 3,429 190,002 $ 308,600 $ 39,920 68,883 162,500 37,297 $ 308,600 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income Earnings per share Current Year $ 547,274 $ 333,837 169,655 9,304 7,115 519,911 $ 27,363 $ 1.68 1 Year Ago $ 431,868 $ 280,714 109,263 9,933 6,478 406,388 $ 25,480 $ 1.57 (3-a) Compute times interest earned for the current year and one year ago. (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 Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Times Interest Earned Numerator: Denominator: Required 3A Required 3B > Times Interest Earned = Times interest earned = 0 times 0 times