Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 33,291 96,488 117,747 10,721 294,947 $ 553, 194 $ 38,914 $ 39,749 66,765 54,621 87,343 59,341 9,915 4,552 273,954 251,437 $ 476,891 $ 409,700 $140,500 $ 82,206 $ 54,080 105,040 162,500 145,154 $ 553,194 106,394 87,827 162,500 162,500 125,791 105,293 476,891 $ 409,700 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $ 567,500 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 $ 719,152 $438,683 222,937 12,226 9,349 683,195 $ 35,957 $368,875 143,578 13,053 8,513 534,019 $ 33,481 2.06 $ 2.21 For 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? (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 Current Year: 1 times 1 Year Ago: 1 times