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 $ 27,986 82,768 104,065 9,288 259,917 $ 33,381 57,833 76,422 8,675 240,951 $ 417,262 $ 70,517 94,051 162,500 $ 484,024 Accounts payable $ 121,727 Long-term notes payable 91,906 Common stock, $10 par value 162,500 Retained earnings 107,891 90,194 Total liabilities and equity $ 484,024 $ 417,262 $ 34,424 45,449 49,376 3,712 207,939 $ 340,900 $ 45,899 73,079 162,500 59,422 $ 340,900 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 $ 629,231 $ 383,831 195,062 10,697 8,180 1 Year Ago $ 496,542 597,770 $ 31,461 $ 322,752 125,625 11,420 7,448 467,245 $ 29,297 $ 1.94 $ 1.80 (1) 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 % 1 % Equity Ratio Numerator: Denominator: 1 1 = = Equity Ratio Equity ratio % % (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? Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 24 Required 2B > (3-a) Compute times interest earned for the current year and one year ago. (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 3A Required 38 Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Times Interest Earned. Numerator: Denominator: Times Interest Earned T Times interest earned times times i