Simon Company's year-end balance sheets follow. Current YE 1 Yr Ago 2 Yrs ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32.457 94,070 115,910 10, 766 296,915 $550, 118 $ 37,939 $ 39,125 65,066 53,731 89,489 54,435 10,258 4,391 271,488 243,518 $ 474,240 $ 395,200 $136,979 $ 77, 742 $ 52,688 101,354 162,500 149,285 $550, 118 109,075 85,592 162,500 162,500 124,923 94, 420 $ 474,240 $ 395,200 The company's income statements for the Current Year and 1 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 Current YE $ 715,153 $436,243 221,697 12,158 9,297 679,395 $ 35, 758 $ 2.20 1 Yr Ago $ 564,345 $366,825 142,780 12,980 B. 465 531,050 $ 33, 296 $ 2.05 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: rotaL COSTB and expenses Net income Earnings per share 7,35 $ 35,758 $ 2.20 531UDU $ 33,296 $ 2.05 For both the Current Year and 1 Year Ago, compute the following ratios: (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 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned times Current Year: ## 1 Year Ago: times Required 3B >