Simon Company's year-end balance sheets follow.

Current Year

1 Year Ago

2 Years Ago

At December 31

Assets

Cash

$30,955

89,718 113,943

Accounts receivable, net

$36,915

63,962

86,211

9,698

Merchandise inventory

Prepaid expenses

Plant assets, net

$39,635

52,328

54,863

4,231

242,243

10,869

285,284

268,892

Total assets

$529,969

$ 456,878

$392,588

$131,962

$ 77,211

Liabilities and Equity

Accounts payable

Long-term notes payable

Common stock, $10 par value Retained earnings

107,182

98,638

162,500

136,869

$ 51,818

89,345

162,500

162,500

199,977

88,845

Total liabilities and equity

$529,969

$ 456,878

$ 392,500

The company's Income statements for the current year and one year ago, follow.

For Year Ended December 31

Sales

Current Year

$ 588,960

420,266

213,578

1 Year Ago

$543,675

$353,389

137,558

Cost of goods sold

Other operating expenses

Interest expense

Income tax expense Totel costs and "expenses

11,712 8,956

12,50s

8,155

654,512

511,599

Net income

$ 34,448

$ 32,876

Earnings per share

$2.12

$1.97

Exercise 13-9 (Algo) Part 1 [Alternate Version]

(1) Compute debt and equity ratio for the current year and one year ago.

(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) Compute times interest earned for the current year and one year ago.

(3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago?

(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? Complete this question by entering your answers in the tabs below. Compute debt-to-equity ratio for the current year and one year ago. 3-a) Compute times interest earned for the current year and one year ago. 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. Compute times interest earned for the current year and one year ago. Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. Exercise 13-9 (Algo) Part 1 [Alternate Version] (1) Compute debt and equity ratio for the current year and one year ago