! 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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 36,217 $ 41,089 $ 44,530 102,909 72,632 58, 221 133,270 95,018 60, 771 11,777 10,568 4,900 317,635 299,493 268, 278 $601,808 $ 518,800 $ 436,700 $151, 349 $ 86,800 $ 58,797 115, 403 162,500 172,556 $601,808 122,904 99,406 162,500 162,500 146,596 115,997 $518,800 $ 436,700 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 Earnings per share Current Yr $782,350 $477,234 242,529 13,300 10,171 743,234 $ 39,116 $ 2.41 1 Yr Ago $617,372 $401,292 156, 195 14,200 9,261 580,948 $ 36, 424 $ 2.24 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Choose Numerator: Debt Ratio 1 Choose Denominator: 1 Debt Ratio Debt ratio = Current Year: 1 Year Ago: 1 % % Choose Numerator: Equity Ratio 1 Choose Denominator: / Equity Ratio Equity ratio = 1 % Current Year: 1 Year Ago: % (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: / / Il Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 = Current Year: 1 Year Ago: / = (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: 1 Choose Denominator: Times Interest Earned Times interest earned 1 = Current Year: times 1 Year Ago: 1 times Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest earned