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 Total liabilities and equity Retained earnings Current Year 1 Year Ago 2 Years Ago $ 35,625 62,500 $ 31,800 89,500 112,500 10,700 278,500 $ 523,000 $ 129,900 98,500 163,500 131,100 $ 523,000 82,500 9,375 255,000 $ 445,000 $ 75,250 101,500 165,500 104,750 $445,000 $ 37,800 50,200 54,000 5,000 230,500 $ 377,500 $51,250 83,500 163,500 79,250 $ 377,500 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 Current Year $ 411,225 209,550 12,100 9.525 $ 673,500 1 Year Ago $532,000 $ 345,500 134,980 13,300 8.845 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Current Year $411,225 209,550 12,100 $ 673,500 1 Year Ago $ 345,500 134,980 13,300 $ 532,000 Income tax expense Total costs and expenses Net income Earnings per share 9,525 8,845 642,400 $ 31,100 502,625 $ 29,375 $ 1.90 $ 1.80 (3-0) 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 381 Compute times interest earned for the current year and one year ago. done Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Times Interest Eamed Denominator: Required 38 > Times Interest Earned Times interest earned times times Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Based on times interest earned, the company is for creditors in the current year versus one year ago