Simon Company's year-end balance sheets follow. Current Yr 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 $ 35,644 100,239 124,745 11.479 326,049 $598, 156 $ 41,252 $ 43,857 71,469 60,230 93,488 61,648 10.829 4.873 298,614 272,392 $ 515,652 $ 443,000 $150, 430 $ 89,760 $ 57,891 113,578 162,500 171,648 $598, 156 118,600 94,966 162,500 162,500 144,792 127,643 $ 515,652 $ 443,000 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 Not income Earnings per share Current Yr $777,603 $ 474,338 241,057 13.219 10.109 738,723 $38.880 1 Yr Ago 613,626 $398,657 155,247 14,113 9.204 577,421 $ 36,205 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio Current Year: 1 Year Ago: For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 2 (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator 1 Choose Denominator: - Debt-To-Equity Ratio Debt-to-equity ratio Current Year: 1 Year Ago: For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 3 (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 38 Times Interest earned. Choose Numerator: Times Interest Earned Choose Denominator: th = Times Interest Earned Times interest earned Current Year: 1 Year Ago: Required 38 >