Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity $ 33,133 94,127 117,152 10,776 300,824 $ 556,012 $ 37,579 67,105 89,561 10,066 275,010 $ 479,321 $ 81,815 112,449 162,500 Accounts payable $ 139,831 Long-term notes payable Common stock, $10 par value Retained earnings 101,394 162,500 152,287 122,557 Total liabilities and equity $ 556,012 $479,321 For both the current year and one year ago, compute the following ratios: $ 37,624 52,725 53,966 4,394 239,091 $ 387,800 $ 50,678 83,990 162,500 90,632 $ 387,800 Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 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 (1) Debt and equity ratios. Current Year $ 440,918 224,073 1 Year Ago $ 570,392 $ 722,816 $370,755 144,309 13,119 8,556 12,288 9.397 686,676 $ 36,140 $ 2.22 (2-a) Compute debt-to-equity ratio for the current year and one year ago. $36,739 $ 33,653 $ 2.07 (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one 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 1 Required 2A Required 28 Required 3A Required 38