Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 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-tern notes payable secured by mortgages on plant assets Common stock, $10 per value Retained earnings Total liabilities and equity $ 31, 800 89, 500 112, 500 10. 700 278, 500 $ 523,000 $ 35,625 62.500 82.500 9.375 255.000 $ 445,000 $ 37,800 50,200 54 000 5,000 230, 500 $ 377, 300 $ 129,900 98,500 163, 500 131, 100 $ 523,000 $ 75,250 101, 500 163, 500 104, 750 $ 445,000 S 51, 250 83,500 163. 500 79, 250 $ 377,500 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Yr 1 YY AEO Sales $ 673, 500 $ 532,000 Cost of goods sold $ 411, 225 $ 345, 500 Other operating expenses 209, 350 134, 980 Interest expense 12. 100 13, 300 Income tax expense 9.525 8,845 Total costs and expenses 642, 400 502, 625 Net income $ 31, 100 $ 29, 375 Earnings per share $ 1.90 1.80 For both the Current Year and 1 Year Ago, compute the following ratios: (3-6) 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 Eamed 1 = Times interest earned Current Year: 1 = 0 times 1 Year Ago: 0 times