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 $ 34,041 99,677 125,325 10,962 324,797 $594,802 $ 41,431 $ 43,572 73,222 55,276 96,758 62,497 10,983 4,606 290,366 261,349 $ 512,760 $ 427,300 $143,663 $ 85,790 $ 56,968 114,059 162,500 174,580 $ 594,802 120,293 162,500 144,177 $ 512,760 95,378 162,500 112,454 $ 427,300 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 Earnings per share Current Yr $773,243 $ 471,678 239,705 13,145 10,052 734,589 $ 38,663 $ 2.38 1 Yr Ago $ 610,184 $ 396,620 154,377 14,034 9,153 574,184 $ 36,000 $ 2.22 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: = = Debt Ratio Debt ratio 1 Current Year: 1 Year Ago: Equity Ratio 1 Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio Current Year: 1 Year Ago: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 7 Choose Denominator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 Current Year: 1 Year Ago: to 1 (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 Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned times times Current Year: 1 Year Ago: Required 3A Required 3B >