Required Information [The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. At December 31 1 Yr Ago 2 Yrs Ago Current Yr Assets 43,216 44,126 s35,873 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 103,972 133,393 11,552 335,643 $628,433 75,629 98,948 11,232 38s,831 57,669 62,038 4,951 272,516 $ 534,856 $ 441, 300 Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Cormon stock, $18 par value Retained earnings Total liabilities and equity $149,853 98,391 57,e87 120,141 162, see 187,939 123,e17 162,580 158,948 97,527 162, see 124,186 534,856 $ 441,38e $628,433 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 Incore tax expense Total costs and expenses 1 Yr Ago Current Yr $886,563 636,479 $492,083 25e,03s 13,712 18,485 $413,711 161,e29 14,639 9,547 766,235 598,926 40,328 37,553 Net incore Earnings per share 2.48 2.31 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Debt Ratio Choose Numerator: Choose Denominator: Debt ratio Current Year: 1 Year Ago: Equity Ratio =Equity Ratio Choose Numerator: Choose Denominator: Equity ratio Current Year: % 1 Year Ago: % (2) Debt-to-equity ratio. Debt-To-Equity Ratio =Debt-To-Equity Ratio Choose Numerator: Choose Denominator: Debt-to-equity ratio to 1 Current Year: 1 Year Ago: to 1 Times interest earned. Times Interest Earned Choose Denominator: Choose Numerator: Times Interest Earned = Times interest earned Current Year: / times 1 Year Ago: times Required 3A Required 3B> 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