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 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yri1 Yr Ago 2 Yrs Ago $ 37,917 $ 43,005 $ 43,497 110,984 76,795 58,582 136,805 98,435 64,280 12,452 11,519 5,028 338,145 318,783 272,413 $636,303 $ 548,537 $ 443,800 $153, 686 $ 95,484 $ 57, 410 117,232 162,500 202,885 $636,303 122,379 99,061 162,500 162,500 168,174 124,829 $ 548,537 $ 443,800 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 Income tax expense Total costs and expenses Net income Earnings per share Current Yr $827, 194 $504,588 256,430 14,062 10,754 785,834 $ 41,360 $ 2.55 1 Yr Ago $652,759 $424,293 165, 148 15,013 9,791 614, 245 $ 38,514 $ 2.37 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 1 Choose Denominator: Choose Numerator: = Equity Ratio Equity ratio Current Year: 1 Year Ago: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 Current Year: 1 Year Ago: to 1 Required 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: = Times In Times in Current Year: 1 Year Ago: ( Required 3A Required 3B > 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 Times interest earned