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 Current Year 1 Year Ago 2 Years Ago $ 24,838 70,548 $ 29,614 $ 30,551 88,700 8,159 228,735 78,353 $ 420,980 $ 104,824 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 51,316 67,139 7,697 207,148 $ 362,914 $ 61,946 83,470 162,500 54,998 162,500 75,303 $ 420,980 $ 362,914 39,920 44,698 3,429 190,002 $ 308,600 $ 39,920 68,883 162,500 37,297 $ 308,600 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 $ 547,274 $ 333,837 169,655 9,304 7,115 1 Year Ago $ 431,868 519,911 $ 27,363 $ 280,714 109,263 9,933 6,478 $ 1.68 406,388 $ 25,480 $ 1.57 (3-a) Compute times interest earned for the current year and one year ago. (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 Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Times Interest Earned Numerator: Denominator: 1 Times Interest Earned Times interest earned = 0 times 0 times