Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr At December 31 Assets 1 Yr Ago 2 Yrs Ago Cash $ 34, 440 94,972 123,065 10,552 303, 697 $566,726 $ 37,912 $ 39,907 66, 346 54,273 88,575 58,385 10, 465 4,523 285, 259 246,012 $ 488,557 $ 403,100 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 $142,526 $ 83, 392 $ 52,677 106,544 162,500 155, 156 $566, 726 108,997 89,085 162,500 162,500 133,668 98,838 $ 488,557 $ 403,100 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 Current Yr $736, 744 $ 449, 414 228, 391 12,525 9,578 699, 908 $ 36,836 $ 2.27 1 Yr Ago $ 581,383 $377,899 147,090 13,372 8,721 547,082 $ 34,301 $ 2.11 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: Debt Ratio / Debt ratio Current Year: 1 % 1 Year Ago: / % Equity Ratio Choose Numerator: 1 Choose Denominator: Equity Ratio 7 Equity ratio Current Year: 1 % 1 Year Ago: 7 % (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: Debt-To-Equity Ratio 1 Debt-to-equity ratio Current Year: 1 - to 1 1 Year Ago: 1 to 1 (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 Choose Numerator: 1 Choose Denominator: Times Interest Earned / - Times interest earned Current Year: / times 1 Year Ago: / times