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 $ 32,265 97,369 119,999 11,033 303, 107 $563,773 $ 39,270 $ 39,286 68,042 55,621 91,710 57,511 10,410 4,545 276,579 252,137 $ 486,011 $ 409,100 $137,572 $ 81,315 $ 55,081 107,049 162,500 156, 652 $563,773 115,136 89,507 162,500 162,500 127,060 102,012 $ 486,011 $ 409,100 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 $ 732,905 $447,072 227,201 12,459 9,528 696, 260 $ 36,645 $ 2.26 1 Yr Ago $ 578, 353 $375,929 146, 323 13, 302 8,675 544,229 $ 34, 124 $ 2.10 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio 7 Choose Denominator: Choose Numerator: = Debt Ratio Debt ratio Current Year: 1 Year Ago: 0 0 % % Equity Ratio 7 Choose Denominator: Choose Numerator: = Equity Ratio Equity ratio Current Year: 1 Year Ago: 0 % (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 Current Year: 1 Year Ago: to 1 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 3B Times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interest earned times Current Year: 1 Year Ago: times