Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 1 Yr Ago 2 Yrs Ago At December 31 Current Yr Assets $ 30, 149 87, 380 113, 193 9,709 275, 723 $ 36,665 $ 63,540 80,671 9,064 255,020 $ 444,960 $ 370, 800 37,443 48,946 51,601 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 4, 201 228, 609 Total assets $516, 154 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 76,702 $ 47,967 $131,093 80, 308 162, 500 80,025 $ 370,800 99,948 162, 500 122,613 $516,154 104, 388 162, 500 101, 370 $ 444, 960 Total liabilities and equity The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $ 529, 502 For Year Ended December 31 Current Yr Sales $671, e00 $344, 176 133, 964 12,179 7,943 Cost of goods sold Other operating expenses Interest expense $409, 310 208, 010 11,407 8,723 Income tax expense 498, 262 $ 31, 240 Total costs and expenses 637,450 $ 33, 550 Net income Earnings per share 1.92 2.06 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Denominator: Choose Numerator: Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio Choose Denominator: Choose Numerator: Equity Ratio Equity ratio Current Year: 1 Year Ago: II II II II II II (2) Debt-to-equity ratio. Debt-To-Equity Ratio Debt-To-Equity Ratio Choose Numerator: / Choose Denominator: %3D Debt-to-equity ratio %3D to 1 Current Year: to 1 1 Year Ago: II (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 = Times Interest Earned Choose Numerator: Choose Denominator: Times interest earned times Current Year: %3D times 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 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