Simon Company's year-end balance sheets follow! Current Yi 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Llabilities 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 $ 33,505 97107 120.885 10,790 299.970 $562.257 $ 37.613 $ 38,420 68,537 51,749 91,464 57,919 10,077 4,312 277,013 243.600 $ 484.704 $ 396,000 $ 137,202 $ 84,372 $ 52,795 104,647 162,500 157.908 $562,257 113.712 85,766 162,500 162,500 124,120 94.939 $ 484.704 $ 396,000 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 Farnings per share Current Yi $730,934 $445,870 226,590 12,426 9,502 694,388 $ 36,546 $ 2.25 1 Y Ago $ 576798 $374 919 145,930 13,266 8,652 542,767 $ 34,031 $ 2.09 For both the Current Year and 1 Year Ago, compute the following ratios: Type here to search (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. Red aired 3A Required 3B Times interest earned. Times Interest Eamed Choose Numerator: Choose Denominator: 1 Times Interest Earned Times interest earned times times Current Year: 1 Year Ago: 1 References Type here to search O T E