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 $ 35,499 $ 43,613 Current Year 1 Year Ago 2 Years Ago $ 42,369 104,988 75,581 55,915 132,002 99,875 62,011 11,315 10,781 330,161 299,430 4,948 271,457 $ 613,965 $529,280 $ 436,700 $ 151,349 Long-term notes payable 116,580 Common stock, $10 par value Retained earnings 162,500 183,536 $ 91,237 122,952 162,500 152,591 $ 58,797 96,511 162,500 118,892 Total liabilities and equity $ 613,965 $ 529,280 $ 436,700 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. 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 Year $ 798,155 $ 486,875 247,428 13,569 10,376 758,248 $ 39,907 $ 2.46 1 Year Ago. $ 629,843 $409,398 159,350 14,486 9,448 592,682 $ 37,161 $ 2.29 (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 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 1 Required 2A Required 2B Required 3A Required 3B Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Debt Ratio Denominator: Debt Ratio Debt ratio % % Equity Ratio Numerator: Denominator: Equity Ratio Equity ratio % %