Simon Company's year-end balance sheets follow Current Yo Yo 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 Habilities and equity $ 31,800 89,500 112,500 10,700 278,500 $523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,800 255,000 238,500 $445,000 $ 377,500 $129,900 $ 75,250 $ 51,250 98,500 163,500 131, 100 $523,000 101,500 83,500 163,500 163,500 104.750 79,250 $445,000 $ 377,508 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 Current YP $673,500 $412,225 209,55e 12100 93525 1 Yr Ago $ 532,000 5345,500 134,980 13,300 8 845 The company's income statements for the current year and 1 year ago follow. Forti Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $673,50 $ 411,225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.98 1 Yr Ago $ 532,000 $345,5ee 134,980 13,300 8.845 502,625 $ 29,375 $ 1.80 Earnings per share 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? (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 1 Choose Denominator: Choose Numerator: Times Interest End Times interest earned Current Year: 1 Year Ago: Required 38 > (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 Based on times interest earned, is the company more or less risky for creditors in the current Year versus 1 Year Ago? Times interest eamed