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 Retained earnings Current Year 1 Year Ago 2 Years Ago $ 25,067 74,832 88,606 8,234 228,130 $ 424,869 $ 107,908 80,674 163,500 72,787 $ 29,301 52,303 68,437 7,461 208,764 $ 366,266 $ 62,518 85,926 162,500 55,322 $ 29,319 38,694 43,342 3,224 187,621 $ 302,200 $ 40,289 66,786 162,500 32,625 $ 302,200 Total liabilities and equity $ 424,869 $ 366,266 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 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share (1) Debt and equity ratios. Current Year $ 336,921 171,222 9,390 7,180 1 Year Ago $ 552,330 $ 435,857 $ 283,307 110,272 10,025 6,538 524,713 410,142 $ 25,715 $ 1.58 $ 27,617 $ 1.70 (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-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 1 1 = to 1 = to 1 < Required 1 Required 2B >