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 Current Year 1 Year Ago 2 Years Ago $ 31,605 90,694 $ 36,578 $ 38,498 65,291 82,048 52,887 54,104 116,311 10,077 281,687 99,710 9,890 263,412 $ 457,219 $ 78,815 106,212 163,500 108,692 162,500 133,460 $ 530,374 $ 457,219 For both the current year and one year ago, compute the following ratios: 4,234 243,077 $ 392,800 $ 51,331 85,073 162,500 93,896 $ 392,800 $ 530,374 Accounts payable $ 134,704 Long-term notes payable. Common stock, $10 par value Retained earnings Total liabilities and equity 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 Current Year $ 689,486 $ 420,586 213,741 11,721 8,963 655,011 $ 34,475 $ 2.12 1 Year Ago $ 544,091 $ 353,659 137,655 12,514 8,161 511,989 $ 32,102 $ 1.98 (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. Required 1 Required 2A Required 2B Required 3A Required 38 Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Debt Ratio Numerator: Denominator: Debt Ratio Debt ratio 0% 0% Equity Ratio Numerator: Denominator: Equity Ratio == Equity ratio 0 % = 0 %