Simon Company's year-end balance sheets follow. creditors in the Current Year versus 1 Year Ago? as Batoties restored is the company recky for creditors in the Centers? Complete this question by entering your answers in the as below. Required red Bured 30 Compute debt and equity rate for the current year and one year Debt Rate Numaton Denominator Computer for the rest and one year ago Da |cara 2 Deceber 31 Current Year Year Age Age Assets wwwwwwwwwww Ceah 3,575 540,015 5 41,674 Accounts receivable net , 96, 242 71,427.35.111 Merchandise inventory 121.00699,312,100 Prepaid expense 10,914 10, 7144,909 Plant Asseta, net 317,486282.724292141 ------------------ Total peata $ 580,223 $ 500, 192 $ 412, 700 ---- Liabilities and Equity Accounts payable 147,3655 81,3951 34,476 Long-term botea Payable 106,900 215,04492, 119 Cannon atock $10 per value 163,500 162,200 162,300 Retained earninga 162, 453140, ES2 103, 105 Total 11 abilities and equity $ 580,223 $ 500, 192 $ 412, 700 The company's income statements for the current year and one year ago follow. Couto Numerator: Denom 2 Reque -Eur Curren: Age Complete this que lesturing your own the Required 2 > Based on times interesteamet, is the company more or less risky for creditors in the content ar versus i Var crew 4 F 14 Required Required 2 Required A Required 30 For Year Ended December 31 Current Year 1 Year ago Seles 754,299 395,228 Compute debt-to-equity ratio for the current year and one year ago Debt. To Evy Ratio Numerator : Denominator - Dub To Equity Ratio Debt-to-equity ratio Coat of goods sold 460, 117 Other operating expenses 1 223,830 Intereat expenses 12, 923 Income tax expense ***** 9, 206 Total costs and expenses Net income Earnings per share 386,098 1150.393 13,690 8, 928 916,598 366.199 637, 714 5 35,119 5 5 2.16 Current Year 1 Year Ago: $2.32 For both the current year and one year ago, compute the following ratios: (1) Debt and equity ratios. (2) Debt-to-equity ratio. (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for