Simon Company's year-end balance sheets follow. At December 31 Assets Cashi 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 1 Year Ago 2 Years Ago $ 34,396 60,194 $ 30,318 83,563 108,314 9,763 271,827 $ 503,785 $127,951 95,659 81,148 9,211 249,348 $ 434,297 $ 73,396 101,886 162,500 96,515 163,500 116,675 $ 503,785 $ 434,297 For both the current year and one year ago, compute the following ratios: $ 37,292 48,260 51,392 4,184 228,172 $ 369,300 $ 48,260 81,615 162,500 76,925 $ 369,300 Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 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 $ 399,502 203,026 11,134 1 Year Ago $654,921 $ 516,813 $335,928 8,514 130,754 11,887 7,752 622,176 $ 32,745 486,321 $30,492 $2.02 $ 1.88 (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? (3-0) 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. myers6513 YouTube New folder Maps IDX Site + CRM D... work vus.yhs4.search.yaho.... M Gmail A Saved 13-DI Hase on mes meresi pamen is the company more or less risky for Cremors in the camrent year vers Required information Complete unis question by entering your answers in the taps Delow. 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 % % Equity Ratio Numerator: Denominator: Equity Ratio T Equity ratio Required 1 Required 2A > % Required information Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B 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 to 1 to 1 < Required 1 Required 2B > Required information (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 Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 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? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago. < Required 2A Required 3A > Required information Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3A Required 38 Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Times Interest Earned Denominator: < Required 2B Required 38 > Times Interest Earned Times interest earned = times R times Required information (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 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