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Simon Company's year - end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements

Simon Company's year-end balance sheets follow.
For both the current year and one year ago, compute the following ratios:
The company's income statements for the current year and one year ago, follow.
(1) Debt and equity ratios.
(2-a) Compute debt-to-equity ratio for the current year and one year ago.
(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.
Compute debt and equity ratio for the current year and one year ago.
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