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Required information [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow. Please show how you got the answer. Check

image text in transcribedimage text in transcribedRequired information [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

Please show how you got the answer.

Check my Simon Company's year-end balance sheets follow. Current yr 1 Yr Ago 2 Yrs Ago Part 3 of 3 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 $ 32,070 93,860 118,012 10,226 278,736 $532,904 $ 36,017 $ 37,900 65, 602 51,555 82,43953, 264 9, 454 4,339 265, 888 239,642 $ 459,400 $ 386,700 2.14 points $134,020 $ 76,086 $ 50,024 Skipped 101,188 162,500 135, 196 $532,904 103,549 84,606 162,500 162,500 117,265 89,570 $ 459,400 $ 386,700 eBook Hint Print The company's income statements for the Current Year and 1 Year Ago, follow. References 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 $692, 775 $422,593 214,760 11,777 9,006 658,136 $ 34,639 $ 2.13 1 Yr Ago $ 546,686 $355,346 138,312 12,574 8,200 514,432 $ 32,254 $ 1.98 For both the Current Year and 1 Year Ago, compute the following ratios: Celky WUIR For both the Current Year and 1 Year Ago, compute the following ratios: Part 3 of 3 (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? 2.14 points Complete this question by entering your answers in the tabs below. Skipped Required 3A Required 3B eBook Hint Times interest earned. Print Times Interest Earned References Choose Numerator: 1 Choose Denominator: = Times Interest Earned Times interest earned times Current Year: 1 Year Ago: times Required 3A Required 3B >

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