Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Year 1 Year Ago 2 Years Ago $ 28,332 82,115 $ 34,131 $ 34,850 59,730 46,466 Total assets 103,244 9,403 266,912 77,366 8,693 242,499 Plant assets, net $ 490,006 $ 422,419 Liabilities and Equity Accounts payable $ 119,571 $ 72,817 Long-term notes payable 93,042 99,099 Common stock, $10 par value 162,500 Retained earnings 114,893 87,003 Total liabilities and equity $ 490,006 $ 422,419 163,500 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. For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share 52,537 3,872 221,475 $ 359,200 $ 48,363 78,589 163,500 68,748 $ 359,200 $ 502,679 Current Year $ 637,008 1 Year Ago $ 388,575 197,472 $ 326,741 127,178 11,562 7,540 605,157 10,829 8,281 $ 31,851 $ 1.96 473,021 $ 29,658 $ 1.83 (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 3B Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Debt Ratio Denominator: Debt Ratio Debt ratio % % Equity Ratio Numerator: Denominator: Equity Ratio: Equity ratio % % Required 1 Required 2A Required 28 Required 3A Required 3B Compute debt-to-equity ratio for the current year and one year ago. Debt-To-Equity Ratio Current Year:: 1 Year Ago: Numerator: 1 / Denominator: = Debt-To-Equity Ratio Debt-to-equity ratio = to 1 to 1 < Required 1 Required 28 > Required 1 Required 2A Required 2B Required 3A Required 3B- Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? debt in the current year versus one year ago. Based on debt-to-equity ratio, the company has Required 1 Required 2A Required 28 Required 3A Required 3B Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Times Interest Earned Denominator: Times Interest E Times interest e time. < Required 28 Required 38 > time Required 1 Required 2A Required 2B 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? for creditors in the current year versus one year ago. Based on times interest earned, the company is < Required 3A Required 38 >