Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,945 97,380 122,436 11,378 321,945 $ 587,084 $ 41,703 70,146 94,566 10,309 289,383 $ 506,107 $ 42,184 55,672 61,124 4,878 270,942 $ 434,800 $ 146, 184 111,476 162,500 166,924 $ 587,084 $ 85,532 117,569 162,500 140,506 $ 506,107 $ 56,820 97,052 162,500 118,428 $ 434,800 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 $ 763,209 $ 465,557 236,595 12,975 9,922 725,049 $ 38,160 $ 2.35 1 Year Ago $ 602,267 $ 391,474 152,374 13,852 9,034 566,734 $ 35,533 $ 2.19 (1) Compute debt and equity ratio for the current year and one year ago. Numerator: Debt Ratio 1 / Denominator: II = 11 Debt Ratio Debt ratio % 1 Current Year: 1 Year Ago: / 11 % Equity Ratio 1 Numerator: Denominator: Equity Ratio Equity ratio / / = % Current Year: 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. Required 2A Required 2B Compute debt-to-equity ratio for the current year and one year ago. Numerator: Debt-To-Equity Ratio 1 Denominator: 1 Debt-To-Equity Ratio Debt-to-equity ratio - Current Year: / - to 1 1 Year Ago: / = 0 to 1 Required 2A Required 2B> (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. Required 3A Required 3B Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: 1 Denominator: = Times Interest Earned 1 Times interest earned Current Year: / = times 1 Year Ago: / times Required 3A Required 3B