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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year $ 28,763 86,732 105,873 9,450 261,615 $ 492,433 $ 120,164 91,652 162,500 118,117 $ 492,433 1 Year Ago 34,300 60,026 77,749 8,915 243,521 $ 424,511 $ 71,025 100,567 163,500 89,419 $ 424,511 For both the current year and one year ago, compute the following ratios: 2 Years Ago Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 $36,466 49,585 50,234 3,972 224,443 $364,700 $ 47,659 80,599 162,500 73,942 $364,700

Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company'sincome statements for the current year and one yeat ago, follow (1) Debt and equity ratios (2-a) Compute debt-to-equity ratio for the curtent year and one year ago (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the cuirent 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 cieditors in the Current Year versus 1 Vear Ago? Compute debt and equity ratio for the current year and one year ago